Opinion: $2 trillion in emergency relief is a lot to keep track of – Deseret News
Politicians seem to be in general agreement that the stimulus bill passed Friday was necessary, and for good reason. The current economic slowdown can be best described as a natural disaster. Millions of Americans are suffering unemployment or temporary displacements, not because of a bad economy, but because of a global pandemic.
The health care system is rapidly becoming burdened by the load of acute cases and the lack of supplies.
So relief is needed. We applaud Congress and the president for overcoming partisan differences and passing a negotiated package that will provide much-needed aid.
And yet an old adage remains true. Government cannot put its hands on the economy without creating winners and losers, nor can it dole out $2 trillion without the fear that it might not have enough controls in place.
Many Americans know they soon will be receiving checks in the mail, the size of which depends on their marital status, number of minor dependents and annual income. They may know that unemployment benefits are being extended for up to four months at a level that, combined with state benefits, may actually provide raises compared to what some were making prior to losing their jobs.
But do they know about the tax breaks that allow real estate investors to profit from depreciation? Do they know that the bill contains money and loan guarantees for many businesses affected by the virus, but not for cruise lines, which have been particularly hard hit?
Do they know that President Trump is considering making loans to the airline industry contingent on the federal government taking part ownership of those companies?
Remember a decade ago, when the government took an equity stake in General Motors in exchange for a bailout package? Anger over that was a factor in the rise of the tea party. Now something similar is being proposed by a Republican administration.
Boeings CEO told Fox Business last weekend he wouldnt accept those terms, and that the company would seek other options to help weather its financial challenges.
The bill contains $100 billion in much needed aid for health care providers, including a 20% increase in Medicare payments to help cover the cost of treating elderly patients. But its not clear how the money will be distributed so as to help rural hospitals that are struggling with especially thin profit margins.
Insurance companies get little help to deal with the growing number of people who need hospitalization. They do get penalties to keep them from price gouging for the coronavirus tests.
And those checks youre getting? It may be hard for the government to find people who typically dont owe anything in federal taxes. These tend to be low-income people the ones who might benefit most from extra money.
To be clear, most of the package is good. It provides a needed stimulus to the economy and necessary cash for many businesses and people hard-hit by a pandemic that must not be allowed to ruin what had been a robust and prosperous economy. It provides $10.5 billion to the military, including the National Guard, which will deploy up to 20,000 soldiers to help states deal with the virus.
Companies involved with telemedicine will get $200 million. The Postal Service will get a Treasury loan of $10 billion to help it pay bills and keep delivering. Businesses get money for keeping idle workers on the payroll.
The relief package, perhaps best described as an emergency care package, should help the country manage the tough days ahead, even as it should help the economy recover when the virus is gone.
That does not mean, however, that the bill should escape careful scrutiny, nor that it should escape close monitoring to ensure proper controls are in place or that hard-hit people and businesses are not left to suffer unduly. Even in a nation used to running large deficits, $2 trillion is a lot of money to carefully track.
Read the original:
Opinion: $2 trillion in emergency relief is a lot to keep track of - Deseret News
- What the Boston Tea Party was fighting and why it still matters | Opinion - The Topeka Capital-Journal - June 22nd, 2025 [June 22nd, 2025]
- Tea Party in the Garden - Lac Ste. Anne County - June 22nd, 2025 [June 22nd, 2025]
- Tea Party to headline CanRock triple bill with Headstones and Finger Eleven at Rogers Place - Edmonton Journal - June 22nd, 2025 [June 22nd, 2025]
- School Nutrition Pros Treated to Tea Party - fayette-news.net - June 20th, 2025 [June 20th, 2025]
- A Royal Saturday Show: Princess Peigh's Sword Fighting Tea Party - WENY - June 20th, 2025 [June 20th, 2025]
- The Tea Party, Headstones and Finger Eleven Map Out Canadian Tour - Exclaim! - June 20th, 2025 [June 20th, 2025]
- The Tea Party making a tour stop in Windsor - AM 800 - June 20th, 2025 [June 20th, 2025]
- Finger Eleven To Tour Canada With The Tea Party & Headstones This Fall - Theprp.com - June 20th, 2025 [June 20th, 2025]
- Tea Party to headline CanRock triple bill with Headstones and Finger Eleven at Rogers Place - Yahoo - June 20th, 2025 [June 20th, 2025]
- THE TEA PARTY, HEADSTONES, FINGER ELEVEN Join Forces For Canada-Wide Tour Kicking Off In November - BraveWords - June 20th, 2025 [June 20th, 2025]
- The Tea Party, Headstones & Finger Eleven Announce Joint Canadian Tour - iHeartRadio Canada - June 20th, 2025 [June 20th, 2025]
- The Tea Party, Headstones and Finger Eleven announce tour stop in Penticton - Penticton News - Castanet - June 20th, 2025 [June 20th, 2025]
- The Tea Party, Headstones And Finger Eleven Team Up For Canadian Tour - live in limbo - June 20th, 2025 [June 20th, 2025]
- Learning Disability Week marked with Mad Hatters Tea Party in Kirkstall - West Leeds Dispatch - June 20th, 2025 [June 20th, 2025]
- School nutrition pros treated to tea party - Peachtree City Citizen - June 14th, 2025 [June 14th, 2025]
- Angry Democrats could face Tea Party-like movement from the Left - Washington Examiner - June 14th, 2025 [June 14th, 2025]
- Its dj tea party all over again - Roll Call - June 14th, 2025 [June 14th, 2025]
- Kildare public encouraged to throw a tea party for Team Hope - kildare-nationalist.ie - June 14th, 2025 [June 14th, 2025]
- Afternoon tea party on the way in County Waterford - waterford-news.ie - June 14th, 2025 [June 14th, 2025]
- Street Style Look of the Week: Wonderland Tea Party - The New York Times - June 10th, 2025 [June 10th, 2025]
- Sanrio Mascot Kuromi Gets Her Own 20th Anniversary Tea Party - Crunchyroll - June 10th, 2025 [June 10th, 2025]
- Tea Party and a Play with The Little Mermaid - geddieconnections.com - June 10th, 2025 [June 10th, 2025]
- PHOTOS: Crowds pour in as Oak Bay Tea Party heats up the weekend - Saanich News - June 10th, 2025 [June 10th, 2025]
- PHOTOS: Oak Bay Tea Party kicks off a weekend of festivities - Vancouver Island Free Daily - June 10th, 2025 [June 10th, 2025]
- A Wonderland of Wellness: The Mad Hatters Tea Party in the Mountains of Mallorca - Majorca Daily Bulletin - June 10th, 2025 [June 10th, 2025]
- Music, parade and teacup-race rematch on tap at Oak Bay Tea Party this weekend - Times Colonist - June 10th, 2025 [June 10th, 2025]
- EXCLUSIVE: IRS Official Tied To Obama-Era Tea Party Scandal Now Running Tax-Exempt Division - AOL.com - June 10th, 2025 [June 10th, 2025]
- Spring is the perfect time for a tea party - Monroe County Reporter - June 1st, 2025 [June 1st, 2025]
- Defying the British dev behind their MMO's "casual doubling of our taxes," Old School RuneScape player recreates the Boston Tea Party:... - June 1st, 2025 [June 1st, 2025]
- Medicine Park Tea Party to add class to the rugged Wichita Mountain scenery - The Lawton Constitution - May 19th, 2025 [May 19th, 2025]
- Malti's adorable tea party with Priyanka Chopra's manager is the cutest thing. Pics - India Today - May 19th, 2025 [May 19th, 2025]
- Priyanka Chopra's Daughter Maltie Marie's Tea Party PICS Are The Cutest Thing On Internet Today - Times Now - May 19th, 2025 [May 19th, 2025]
- Tea Party on the Porch and Patio to be hosted at Mountainsides Levi Cory House - Union News Daily - May 17th, 2025 [May 17th, 2025]
- Care home marks 80th anniversary of VE Day with afternoon tea party - Yahoo News UK - May 17th, 2025 [May 17th, 2025]
- Wiltshire care home celebrated VE Day anniversary with 1940s tea party - Wiltshire Times - May 17th, 2025 [May 17th, 2025]
- Abundant Life hosts free mother-daughter tea party next Saturday in New Bern - WCTI - May 11th, 2025 [May 11th, 2025]
- Channel your inner 'Bridgeton' on this Texas tea party tour bus - MySA - May 11th, 2025 [May 11th, 2025]
- Cinderellas Tea Party kicks off enchanting afternoon at Berks Ballet Theatre performance - Berks Weekly - May 11th, 2025 [May 11th, 2025]
- NOTL in Bloom - Setting up for a tea party fit for Alice at the NOTL Museum: Photo Gallery - Niagara-on-the-Lake Local - May 11th, 2025 [May 11th, 2025]
- VE Day 80 marked at Newport Castle with community tea party - The Pembrokeshire Herald - May 11th, 2025 [May 11th, 2025]
- A king-in-training: Prince George unexpectedly joins Prince William and the Princess of Wales to meet veterans at a Buckingham Palace VE tea party -... - May 11th, 2025 [May 11th, 2025]
- Prince George makes surprise appearance at tea party for World War II veterans - as young royal, 11, joins Wil - Daily Mail - May 11th, 2025 [May 11th, 2025]
- Prince George meets veterans in surprise appearance at VE Day tea party - The Independent - May 11th, 2025 [May 11th, 2025]
- William tells of Georges interest in war veterans at Palace tea party - The Independent - May 11th, 2025 [May 11th, 2025]
- William tells of Georges interest in war veterans at Palace tea party - Yahoo News UK - May 11th, 2025 [May 11th, 2025]
- Kingwood Community Engagement to host 'Under the Sea' Mother's Day tea party - WV News - April 30th, 2025 [April 30th, 2025]
- Charity Gets Ready to Treat Township Grandmothers with the Sweetest Tea Party! - Good Things Guy - April 30th, 2025 [April 30th, 2025]
- Killeshin tea party in memory of much-loved Siobhn raised 12k - carlow-nationalist.ie - April 30th, 2025 [April 30th, 2025]
- King and Queen to host VE Day tea party for World War Two veterans - BBC - April 25th, 2025 [April 25th, 2025]
- Sip & Savor: Family Tea Party, a Gathering for Mothers, and a Cider Fest - southsoundmag.com - April 25th, 2025 [April 25th, 2025]
- Hosting an Adult Tea Party Will Make You the Diamond of the Seasonand It's Easy with These Pro Tips - Better Homes & Gardens - April 25th, 2025 [April 25th, 2025]
- A tea party at the Palace to mark 80 years of peace with King Charles and Queen Camilla hosting - Royal Central - April 25th, 2025 [April 25th, 2025]
- King and Queen to host veterans at Buckingham Palace VE Day tea party - The Telegraph - April 25th, 2025 [April 25th, 2025]
- King and Queen to host palace tea party to celebrate VE Day anniversary - MSN - April 25th, 2025 [April 25th, 2025]
- King Charles to host VE Day tea party for 50 World War Two veterans - and Wills and Kate will attend too - The Sun - April 25th, 2025 [April 25th, 2025]
- King Charles and Queen Camilla to throw palace tea party to mark VE Day anniversary - lbc.co.uk - April 25th, 2025 [April 25th, 2025]
- VE Day 2025 celebrations to include King and Queen hosting Buckingham Palace tea party - MyLondon - April 25th, 2025 [April 25th, 2025]
- When are the VE Day celebrations as Charles and Camilla plan tea party for veterans? - London Evening Standard - April 25th, 2025 [April 25th, 2025]
- The Boston Tea Party and the Haifa Spring Festival - VINnews - April 25th, 2025 [April 25th, 2025]
- Leicester Windrush Tea Party needs your help - voice-online.co.uk - April 25th, 2025 [April 25th, 2025]
- Tim Walz tries to spark a liberal Tea Party movement with trip to Ohio and other red states - Signal Cleveland - April 16th, 2025 [April 16th, 2025]
- Cahoon Museum Will Host Mermaid Tea Party - CapeNews.net - April 16th, 2025 [April 16th, 2025]
- Mad Hatter's tea party and egg hunt provides Easter fun for families - Daily Echo - April 16th, 2025 [April 16th, 2025]
- Luton care home celebrates National Tea Party Day - Leighton Buzzard Observer - April 16th, 2025 [April 16th, 2025]
- Amateur choir to mark VE Day with afternoon tea party in Guadalhorce valley - Sur in English - April 16th, 2025 [April 16th, 2025]
- Staten Island happenings this weekend: Historic tea party, neighborhood mixer and more - SILive.com - April 12th, 2025 [April 12th, 2025]
- Valley Mall to host whimsical Mad Hatter's tea party for Easter celebration - KIMA - April 12th, 2025 [April 12th, 2025]
- My expectations were high for fancy tea party at KC shop. It didnt disappoint - Kansas City Star - April 12th, 2025 [April 12th, 2025]
- Christina Muoz to Headline EMpact One Ladies Tea Party Celebrating Women and Supporting Youth May 3rd - MySaline - April 12th, 2025 [April 12th, 2025]
- An Anthropomorphic Wonderland: A Review of Beatrix Potter Tea Party at Raven Theatre - Newcity Stage - April 12th, 2025 [April 12th, 2025]
- Beauty and the Beast-themed tea party to benefit community health initiatives in Taylor County, West Virginia - WV News - April 12th, 2025 [April 12th, 2025]
- Mother & Daughter Tea Party is April 26 - Sequoyah County Times - April 12th, 2025 [April 12th, 2025]
- Foodie Forecast: A tea party, a wine festival and a poolside lunch - San Diego Union-Tribune - April 12th, 2025 [April 12th, 2025]
- Miss America Organization changing lives in Middle Georgia, looking ahead to princess tea party - 41NBC News - April 12th, 2025 [April 12th, 2025]
- Tim Tebow's wife Demi-Leigh celebrates their first child at tea party-themed baby shower - sportingnews.com - April 12th, 2025 [April 12th, 2025]
- EPS celebrates reunion with BJP, hosts tea party for Amit Shah - UNITED NEWS OF INDIA - April 12th, 2025 [April 12th, 2025]
- Mayo groups invited to host Bealtaine Tea Party for Bealtaine Festival - Mayo News - April 12th, 2025 [April 12th, 2025]
- Stoke aiming to break world record as it hosts Big Centenary Tea Party - Rayo - April 12th, 2025 [April 12th, 2025]
- No bunnying around as Easter tea party tackles loneliness in rural Exmoor - Somerset Live - April 12th, 2025 [April 12th, 2025]
- Rising anger among Democrats fuels talk of Tea Party-style backlash - The Hill - March 25th, 2025 [March 25th, 2025]