Mar. 17, 2021
On March 11, President Biden signed into law the American Rescue Plan Act of 2021, a $1.9 trillion stimulus package including cash, child care and health care assistance, and other benefits for the large majority of Americans. Hailed at the largest expansion of the U.S. social safety net since LBJ’s Great Society, the act was not without its critics, with some arguing that its measures are not permanent and do not go far enough, while others warned of the risks of an overheating economy.
Joining us this week to rebut those critics is former Federal Reserve and White House Council of Economic Advisors economist Claudia Sahm, who makes the case that even stronger measures are necessary to prevent deepening post-pandemic economic inequality.
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