Yet Another Big Lie Behind Biden’s $1.9 Trillion COVID Bill
I & I Editorial Board
February 15, 2021
I&I Editorial
Last week, governors and mayors from around the country came to the White House with cups in hand for COVID aid and found a president eager to listen to their pleas of poverty.
“They’ve been working on their own in many cases,†President Joe Biden said, promising to come to the rescue with $350 billion in federal “relief†funds.
It was a good act.
But back home, states across the country are reporting huge surpluses, thanks not only to previous federal COVID handouts (which totaled more than $400 billion) but because tax revenues are surging as the economy rapidly rebounds.
As the City Journal reports, “Undoubtedly some states and cities have faced challenges, but nationwide, state and local governments have seen tax revenue rebound to pre-pandemic levels, even as they have continued to receive a large influx of federal funds.â€
Don’t believe it? Look at this sampling from recent news accounts about states’ running budget surpluses, some of them at historic levels, many of them a surprise to local lawmakers.
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https://issuesinsights.com/2021/02/15/yet-another-big-lie-behind-bidens-1-9-trillion-covid-bill/
