Who Does The Coronavirus Stimulus Help Most?
While Democrats fought to make the coronavirus stimulus bill do more for average Americans, Republicans prioritized corporations over people once again
President Donald Trump, members of his Cabinet, Republican lawmakers, and members of the coronavirus task force as Trump signs the $2.2 trillion CARES ACT — March 27, 2020. (Official White House Photo by D.Myles Cullen)
Last week, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2 trillion is the most massive spending package in US history.
The historic rescue package contains much-needed financial relief for small businesses and the forcibly unemployed.
Unlike the 2008 financial crisis bailout, the bill’s modest oversight provisions keep the CARES Act from being an opaque giveaway. Still, the Act’s fine print reveals that the GOP Senate’s focus centered on serving wealthy interests and not the average American.