Heather Cox Richardson | Letters from an American | March 10
Today was a big day for the United States of America.
The House of Representatives passed the $1.9 trillion American Rescue Plan, accepting the changes to the measure that the Senate had added. This bill marks a sea change in our government. Rather than focusing on dismantling the federal government and turning individuals loose to act as they wish, Congress has returned to the principles of the nation before 1981, using the federal government to support ordinary Americans. With its expansion of the child tax credit, the bill is projected to reach about 27 million children and to cut child poverty in half.
The bill, which President Biden is expected to sign Friday, is a landmark piece of legislation, reversing the trend of American government since Ronald Reagan’s 1981 tax cut. Rather than funneling money upward in the belief that those at the top will invest in the economy and thus create jobs for poorer Americans, the Democrats are returning to the idea that using the government to put money into the hands of ordinary Americans will rebuild the economy from the bottom up. This was the argument for the very first expansion of the American government—during Abraham Lincoln’s administration—and it was the belief on which President Franklin Delano Roosevelt created the New Deal.Continue reading