Republicans Release Plan To Address Growing Inflation Under Biden Administration

Congressional Republicans Grabbed Headlines This Week After Releasing An Aggressive Budget They Say Would Cut Taxes And Spending, But Key Measures In The Plan Also Would Address One Of The Country’s Most Serious Economic Problems.

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American Rescue Plan Allocates $2B To Counties That Don’t Exist Or Don’t Have Fiscal Problems

The Washington, D.C.-Based Tax Foundation Has Calculated That About $2 Billion Worth Of Taxpayer Money From The Democratic-passed American Rescue Plan Act Is Allocated To Local Governments That Don’t Exist Or Aren’t In Financial Distress.

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American Rescue Plan Act To Provide States 116 Times Their Revenue Losses

Many State & Local Governments That Reported Budget Surpluses Last Year Will Still Receive Billions Of Dollars In Federal Aid. The $1.9 Trillion American Rescue Plan Act Brings Total Amount That Federal Government Has Provided During The Pandemic To $6 Trillion.

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Report Finds State Unemployment Compensation Trust Funds Continue To Struggle

States Entered 2020 With Aggregate Trust Fund Balances Of $75 Billion, Which On Net, Now Stand At $25 Billion. Now, 17 States And The Virgin Islands Are In The Red.

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