COVID bills pilfer $17,000 from each individual, give back only $3,200
‘It showers money on special interests but spends less than 9% on actually defeating the virus’
Got your checkbook handy?
The combined $6 trillion price tag on the COVID-19 stimulus packages – including the latest $1.9 trillion Biden bill – will cost taxpayers about $17,000 per person, or $69,000 per family, according to an analysis by minority staff of the House Budget Committee and ranking member Rep. Jason Smith, R-Mo.
Paul Bedard, in his “Washington Secrets” column, reported the latest bill spends billions of dollars on things that have nothing to do with COVID-19.
House Minority Leader Rep. Kevin McCarthy called the Democrats’ latest giveaway a “Christmas tree.”
“This is the reality of the bill before us today: It showers money on special interests but spends less than 9% on actually defeating the virus. But it gives San Francisco $600 million, essentially wiping out 92% of their budget deficit,” he pointed out.
Smith told NPR on Wednesday that if the bill “was about direct payments to people and putting shots in the arms and vaccines, you would have strong bipartisan support across this Congress and across this country.”
- Less than 9% goes to combating COVID-19.
- Twenty-seven percent (or more than $500 billion) goes to state and local governments.
- Twenty-one percent (or approximately $400 billion) goes to policies that reduce private-sector employment.
- $135 million for the National Endowment for the Arts.
- $135 million for the National Endowment for the Humanities.
- And $12 billion will be shipped overseas.
The first COVID-19 package, last April, issued checks for $1,200 per person and the second, in December, $600. The third bill will send out $1,400 payments as early as this weekend.