The GOP's stimulus bill is flaccid and immoral

The GOP's stimulus bill is flaccid and immoral
Just to be clear, most members of the media do not emphasize that the UI kicker is in addition to base unemployment, so $200 is really $650 or so. $600 has been $1,050. The GOP bill is a marker that keeps the Senate GOP in the room during negotiations between the Secretary of the Treasury (who as a single family landlord for a variety of LLCs, wants to make sure rent is paid) and the Speaker. My guess is that the final product will be a $400 kicker, for $850 a week.

Keeping it less is important, because the supply of goods is about to be a lot smaller as money is plentiful and workers are idle. This is a recipe for hyperstagflation. The GOP understands that risk. It is not immoral to do so.

In the future, after Red states shut down again, there will be an omnibus supplemental which will likely include a lost revenue provision. This should be automatic, but that would take away the opportunity to grandstand. Watching such legislation is sausage making. It is not pretty.

The corporate rate cut makes tax policy for all employers consistent. It is an additional step toward tax reform. The main problem was the rate, but the fact that the base was not made broader. This is all about setting the stage for consumption taxes. Again, sausage.