Thursday, March 11, 2021

Boston College History Professor Heather Cox Richardson's March 10th "Letter From An American" Re: Biden's Epochal $1.9 Trillion American Rescue Plan

 

Boston College Historian Heather Cox Richardson's Daily "Letter From An American," March 10, 2021
Alan: Boston College History Professor Heather Cox Richardson's provides an insightful, comprehensive and well-informed daily review of American politics. Professor Richardson specializes in the history of The Republican Party, and how the Civil War and subsequent Westward expansion affected the basic thrust of American history. She is exceptionally clearheaded, comprehensively knowledgeable and speaks in an engaging, straightforward, highly-readable style. She is the kind of intellectual who terrifies people who dismiss "the intellectual elites" because she knows what she's talking about and the picture she paints spotlights the putrescence of the GOP ever since Newt Gingrich laid groundwork for The Tea Party.

In five minutes, Heather gives the best historically-contextualized view of what happened yesterday in American politics. 

And she offers this gift every day.

  You can stay abreast of Boston College History Professor Heather Cox Richardson's daily reviews of American politics at Bill  Moyers' dedicated web page:  

Biden's Epochal $1.9 Trillion American Rescue Plan"

March 10, 2021

Heather Cox RichardsonMar 11

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.

Unlike the previous implementations of this theory, though, Biden’s version, embodied in the American Rescue Plan, does not privilege white men (who in Lincoln and Roosevelt’s day were presumed to be family breadwinners). It moves money to low-wage earners generally, especially to women and to people of color. Representative Rosa DeLauro (D-CT) called the child tax credit “a new lifeline to the middle class.”  “Franklin Roosevelt lifted seniors out of poverty, 90 percent of them with Social Security, and with the stroke of a pen,” she said. “President Biden is going to lift millions and millions of children out of poverty in this country.”

Republican lawmakers all voted against the bill despite the fact that 76% of Americans, including 59% of Republicans, like the measure. Still, the disjunction between the bill’s popularity and their opposition to it put them in a difficult spot. Senator Roger Wicker (R-MS) tweeted positively about the bill this evening, leaving the impression he had voted for it. Twitter users wanted no part of the deception, immediately calling him out for touting a bill he had opposed (although he had been a Republican co-sponsor of the amendment about which he was boasting).

Wicker’s public embrace of the measure after voting no suggests that Republicans might recognize that, without the power to stop popular legislation as they could previously, they need to consider getting on board with it.

For right now, though, Republicans are continuing to push tax cuts. Senators John Thune (R-SD) and Mike Crapo (R-ID) and Senate Minority Leader Mitch McConnell (R-KY) are leading an effort to repeal the estate tax. According to Michael Hiltzik of the Los Angeles Times, this tax falls on estates over $11.7 million, about a fifth of which are worth $50 million or more. The average estate affected by the tax is worth $30 million, and it affects about 2,500 people a year. It is enacted on capital gains that have not been taxed during the original owner’s lifetime, and usually involves stock. While Crapo calls the tax “the most unfair tax on the books,” Hiltzik calls the attempt to eliminate it “a massive handout to rich families.”

It was not just finance in the news today. This afternoon, the Senate voted 70-30 to confirm Merrick Garland as the attorney general. He will be sworn in tomorrow. Biden chose Garland to rebuild faith in the independence of the Department of Justice, whose credibility was sorely battered over the past four years when it appeared to be operating in the interest of the president rather than the American people. Garland has a reputation as a fair-minded, centrist judge, but Republicans who voted against his confirmation—Senator Tom Cotton of Arkansas, for example—seem already to be trying to undercut Garland’s investigations, suggesting that he will embrace a “radical agenda” as attorney general.

As soon as Garland is sworn in tomorrow, he will be briefed by FBI Director Christopher Wray and others on the Capitol attack.

Garland’s was not the only nomination to go through today. Former representative Marcia Fudge (D-OH) is now the Secretary of Housing and Urban Development. Michael Regan is the new head of the Environmental Protection Agency, charged both with addressing environmental racism and with helping the nation fight climate change. With their addition, 6 of 24 Cabinet positions will be held by Black Americans, the most in U.S. history.

Amidst all the excitement about the Biden administration’s achievements today, the former president was also in the news. The Wall Street Journal obtained a recording of a phone call Trump made in December 2020 to Frances Watson, the chief investigator of the Georgia Secretary of State’s office. Watson was in the process of looking for fraud in an audit of mail-in ballots in Cobb County after the election. Trump urged her to look at Fulton County, as well, where he insisted she would “find things that are going to be unbelievable.”

Watson had little to say as Trump went on for about six minutes, and seemed to be trying to put him off. He didn’t seem to notice. “When the right answer comes out, you’ll be praised,” the former president told her.

Comment: 

false

Has anyone else noticed that today belongs in a fairy tale, but one that we actually lived through? You know, the age ole script of the demons and monsters overtaking the family, only a year later the skies are nearly clear and everyone can glimpse a sense of home. Here’s what happened, just today!

I can’t remember feeling this hopeful since .... I can’t remember. My wife and I watched President Joe Biden reassure, encourage, and trumpet ALL that has been done in the first 50 days of his administration. But he reminded America that this is a team effort, and it is being led by ... well, by EVERY mask wearing American!

Biden had so much to tout about the coronavirus roll-out, he forget to highlight his signing of the most major economic revival legislation, in our lifetime. And that goes for today's oldest living person! $2.1T dwarfs the $.85T market crash revival, 2009 whimper, that Obama-Biden managed after the “free market” crashed and burned due to deregulation.

To see Schumer and Pelosi today at the signature table together, I’d have thought they were signing autographs for 325 million Americans! In my mind, they then leapt to their feet as they clasped and heartily shook hands as people cheered in the background! I felt like their team had just won the World Series, and their team is America

These two miraculous events, the Biden signature and address, happened on what most people consider to be the 1 year anniversary of the virus taking hold in America - March 11, 2020. That was when professional sports and entertainment venues and dining venues .... turned out the lights.

Now, I feel the lights are back on, and the sun is bursting through. All at 9PM, March 11, 2021.

3.11.2021

 21Reply

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Notes:

https://www.nytimes.com/2021/03/10/us/politics/merrick-garland-attorney-general-confirmation.html

https://www.cnn.com/2021/03/10/politics/marcia-fudge-confirmed-hud-secretary/index.html

https://www.wsj.com/articles/recording-of-trump-phone-call-to-georgia-lead-investigator-reveals-new-details-11615411561

https://www.washingtonpost.com/climate-environment/2021/03/10/regan-epa-confirmed/

https://19thnews.org/2021/03/child-tax-credit-poverty-bill/

https://morningconsult.com/2021/03/10/stimulus-package-support-poll/

https://www.latimes.com/business/story/2021-03-10/gop-estate-tax-reform-lies

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