Your current web browser is outdated. For best viewing experience, please consider upgrading to the latest version.

Contact

Send a question or comment using the form below. This message may be routed through support staff.

Email Article

ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
search DONATE
Close Nav

Massive $1.9 Trillion Bill Is a Bailout for Blue States

back to top
commentary

Massive $1.9 Trillion Bill Is a Bailout for Blue States

New York Post March 10, 2021
EconomicsBudgetOther

President Joe Biden’s blue state bailout, which he’s expected to sign Friday, is a monstrosity — so large it leaves America’s states with a surplus after one of the costliest pandemics in history.

The numbers boggle the mind: $195 billion goes to states with no strings attached (except, of course, to ban tax cuts). There’s $130 billion for reopening K-12 schools with no requirement they reopen. Another $25 billion for public housing and $20 billion for public transit. All in, America’s states and cities are seeing a direct windfall north of half a trillion dollars.

State and local governments already collected more dollars in 2020 than at any time in American history. With federal aid, states ended the year in a surplus. In 21 states, tax receipts actually grew year-on-year. AP reports that “California is again swimming in money,” not that that has stopped Gov. Gavin Newsom crying poverty.

Continue reading the entire piece here at the New York Post

______________________

Michael Hendrix is the director of state & local policy at the Manhattan Institute.  

Photo by Alex Wong/Getty Images

Saved!
Close