No More Safety Nets!
The office of Rep. Eric Cantor (R-Va.) has sent around a document preemptively attacking a new stimulus bill. This objection is perfectly in line with
Jul 31, 2020223.6K Shares7.7M Views
The office of Rep. Eric Cantor (R-Va.) has sent around a document preemptively attacking a new stimulus bill. This objection is perfectly in line with Republican thinking, but I’m still surprised to see it:
“„The bill includes $79 Billion for safety net programs (more than is actually supposedly dedicated to job creation), including:
- Extension of unemployment benefits through June of 2010;
- Extension of COBRA subsidies through June of 2010;
- Extension of Increased Medicaid Matching Rates (FMAP) from December 31, 2010 to June 30, 2011; and
- Extension of the refundable child tax credit to those with income less than $3,000 (under the original stimulus, families must have at least $3,000 in income to qualify).
Those are all pretty popular programs, and ones that voters would notice if they suddenly vanished. Attacking this stuff — and implying that a Republican majority would cut off these benefits — is something an opposition party can do, but something very hard to imagine a Republican congressional majority getting away with. See 1995 for evidence.
Dexter Cooke
Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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