
Biden’s next big giveaway starts in July — will Congress finally start telling him ‘No’?
NY Post
Yet another batch of federal payouts starts in July, giving economists more cause for concern about the avalanche of spending under President Joe Biden.
Biden’s $1.9 trillion “COVID relief” package included an expanded, refundable child tax credit of up to $300 a month per child that will cover 88 percent of the nation’s kids. In July, 39 million families will start getting paid automatically on the 15th of every month. Progressives tout the provision as an important step in the fight against poverty, but even liberal economists are starting to twitch over the endless federal aid that Biden’s throwing in every direction. No less than Larry Summers fretted in The Washington Post that the administration is courting inflation rates unseen in decades by outright dismissing the possibility that doling out billions in various benefits will have any negative consequences.More Related News