Senators oppose Biden stimulus checks for the rich: Politico

Senators oppose Biden stimulus checks for the rich: Politico
  • A group of senators oppose Biden’s stimulus package, fearing it is giving too much money to the rich.
  • The bipartisan group of 16 senators spoke to the Biden administration on an appeal Sunday.
  • The group also expressed support for increasing funding for vaccine distribution.
  • Visit the Business Insider homepage for more stories.

Some senators are pushing back President Joe Biden’s $ 1.9 trillion economic bailout because it provides too much money for wealthy Americans, says Politico report.

A bipartisan group of senators, led by Republican Senator Susan Collins of Maine and Democratic Senator Joe Manchin of Virginia, expressed concerns during a phone call with the Biden administration on Sunday, Politico reported.

The group of 16 senators reportedly told White House officials they were in favor of increasing funds for vaccine distribution, but believe the $ 1,400 stimulus payments included in the package should be reserved for Americans at low income.

Collins specifically asked why families earning $ 300,000 might be eligible for payments, Politico reported.

While six-figure employees could be eligible for stimulus checks, the payment amount decreases as the income increases, meaning they would not receive a full payment.

The senator also told Insider’s Joseph Zeballos-Roig on Thursday that she was “in favor” of funding certain measures in the bill, such as the distribution of vaccines, but that she was concerned about the total cost.

“It’s hard for me to see, when we’ve just spent $ 900 billion in aid, why we would have such a big package,” she said. “In a few months maybe the needs will be obvious and we will have to do something important, but I don’t see it at the moment.”

Senator Angus King, an independent from Maine who was also on the roll, also expressed concern about the overall cost, saying, “This is not monopoly money,” according to Politico.

In addition to payments of $ 1,400 and funds for vaccine distribution, the plan proposed by Biden includes improved unemployment insurance and aid to state and local governments.

The relief bill passed in December included stimulus checks of $ 600, federal unemployment assistance, food and rental assistance, and funding for education.

The call with the group of senators, which is also divided with eight Republicans and eight Democrats, is part of the Biden administration’s efforts to gain bipartisan support for the stimulus package.

The broadly moderate group could have significant influence over Biden’s legislative agenda as the president tries to move towards a narrow majority in the Senate.

Senator Jeanne Shaheen, who was on call Sunday, said participants agreed that “the more targeted the aid, the more effective it can be.” Associated press reported.

But the White House did not appear interested in breaking the plan and indifferent to the total cost, according to AP.

Via: www.businessinsider.com

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