- The U.S. could afford to give every working adult $1,875 stimulus checks for eight months for the same cost as the 2017 Trump tax cuts, argued Robert Reich. Reich, the Secretary of Labor under Bill Clinton and author of the forthcoming book, “The System: Who Rigged It, How We Fix It”, tweeted the comparison saying “it’s a question of priorities” for the country.
- In response to McConnell’s “socialism for the rich” claim about stimulus checks, which he repeated four times during one Senate floor speech, Bernie Sanders replied, “the majority leader helped lead this body to pass Trump’s tax bill. You want to talk about socialism for the rich Mr. Majority Leader?!”
- “For most Americans, the proposed tax cuts are tiny and temporary,” Reich wrote in a blog post on his website. “Meanwhile, the top 1 percent will get a gigantic tax cut. The Tax Policy Center estimates that the current plan will save the bottom 80 percent between $50 and $450 in taxes per year, but that it saves each person in the top 1 percent an average of $129,000 a year,” he added. In other words, socialism for the rich.
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