David Dayen Profile picture
31 Jan, 7 tweets, 2 min read
We won't have numbers until tomorrow but based on what's in here we can make some guesses. (1/)
Vaccine $ is defined at the $160bn level.
Substance abuse prevention: $4bn
"More targeted" payments probably at the $50k level that's been discussed, I'd guess least half of what's been proposed, let's say $200bn
extending UI "at the current level" i.e. $300, less than the $400 Biden calls for. If it's through Sept., that comes to $260bn
"fully funding your request" for nutrition assistance: $4bn + $6bn to extend the 15% increase to Sept. So $10bn
Small business support at level Biden called for: $50bn Schools and child care, Biden wanted $195 bn for these.
On both of these the letter says it will "provide resources," not "it matches your request."
And then there's this language of being "mindful" of unspent CARES Act funds, either it'll claw back money or it's just saying that the money isn't needed.
You add this all up and the most that the Republican Senate bill could possibly total is $879 billion. It's probably quite a bit less than that. More like $750 billion would be my guess.
Update: the payments are smaller in addition to more targeted, knocking the price tag down even more. The counter-offer is less than 1/3 of Biden's plan.

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More from @ddayen

1 Feb
So I took a look at why Katie Porter got bumped from the Financial Services Committee, based on the makeup of the committee and the legislative output in the last Congress. It's very clear she was singled out and Maxine Waters is to blame. (1/)
prospect.org/politics/why-k…
First of all, Waters shrunk the committee from 60 to 54 members, creating the conditions for someone to be bumped.
Even with that, 4 committee Democrats lost or didn't run for re-election, another got 4 separate committee assignments, and another traded Financial Services for Appropriations. So there would be room.
Read 7 tweets
29 Jan
Here's @alex_sammon on the early jockeying for position in 2022 Senate races. Will Schumer and the Dems pick more self-funders or stand-for-nothing candidates, or lean into the Ossoff/Warnock victories predicated on populism and organizing?
prospect.org/politics/are-d…
Then, we have @Marcia_Brown9 with another thing Biden can do on Day One (OK, Day Nine): allow DACA recipients to receive Medicaid or CHIP or purchase health insurance on the Obamacare exchanges, where they are currently barred. prospect.org/health/biden-c…
Also at @TheProspect today, here's a tribute to Hank Aaron from Derrick Jackson:
prospect.org/culture/hank-a…
Read 4 tweets
23 Jan
This is a very uninformed article that presumes the dumb way Trump initiated executive orders taints all executive action a president has the authority and mandate to undertake.
nytimes.com/2021/01/22/us/…
I can't believe this has to be spelled out:
Congress passes laws, presidents implement them. There are latent authorities in already passed laws that can be employed to give material benefits to people. That's literally the job description of the president in Article II.
Most of Trump's exec orders were BS but some did draw on already passed laws, like the farm funding through the Commodity Credit Corporation. That was billions of dollars that cannot be "rolled back."
Read 14 tweets
15 Jan
The Prospect and The Intercept have learned that Renata Hesse, a former Obama Justice Department official who then went on to work for Google and Amazon, is a leading contender to head up the DoJ Antitrust Division.
Among other things, Hesse would presumably have to recuse herself from the active monopolization case against Google, the biggest anti-monopolization case in 20 years.
Jonathan Kanter, a plaintiff's lawyer who helped design the cases against Google and Facebook, remains "in the mix" for the same job, sources indicate.
Read 5 tweets
15 Jan
Here's a good day of @theprospect content:
First, @Marcia_Brown9 on "social accountability": how in the absence of legal action against elites with power and influence, civic structures have taken up this responsibility prospect.org/politics/new-e…
Then, @alex_sammon on Prop 22, the California measure keeping Uber/Lyft/Doordash drivers as independent contractors. In just the first month, consumers are paying more, drivers are getting less than promised, and other businesses are taking advantage.
prospect.org/labor/prop-22-…
We have @Lfelizleon using the history of U.S. intervention in Latin America to help inform the Capitol Riot: prospect.org/politics/chick…
Read 4 tweets
15 Jan
Here's Biden speaking on his $1.9 trillion plan. I appreciate the ambition. I believe it's a solid collection of policies. I think the strategy is kind of bonkers.
"With interest rates at historic lows, we cannot afford inaction."
The deficit hawk has been shooed away
Biden laying out the rescue half tonight, says the Build Back Better Plan will be the subject of his speech to a joint session of Congress (the State of the Union, effectively)
Read 16 tweets

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