Watchdog Critical of $1.9T Biden Coronavirus Relief Plan

For Immediate Release

Washington, D.C. – The Taxpayers Protection Alliance (TPA) slammed President-elect Biden’s recently-released COVID relief plan.

In response, TPA President David Williams offered the following statement:

“This past year has been trying for so many businesses and families. The lockdowns have cost far too many Americans their livelihoods and made it difficult or impossible to pay the bills at the end of the month. The American people need relief from these burdens and they need it now. Taxpayers don’t need more astronomical spending that will do nothing to help the economy.

“This plan from President-elect Biden, if implemented, would make more of the same mistakes our policymakers on both sides of the aisle have been making. To combat the devastating effects of the lockdowns, the federal government has incurred by far the largest deficit in the nation’s history. Throwing money at the problem has not only failed to assuage the pain, but it has imperiled the economic wellbeing of future generations of Americans. Adding another $1.9 trillion on top of that would only exacerbate these issues and push America’s record debt beyond $30 trillion within a year.

“In addition to bailing out poorly-managed states, the plan also includes a hike in the federal minimum wage to $15/hour. Spending money to help small businesses while implementing policies that would force these same small businesses to incur astronomical costs will do far more harm than good, and destroy any progress made to build back the economy. This plan should be dead on arrival in Congress. It is clear that as a career politician Biden is out of touch with the American people and reality.”

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Taxpayers Protection Alliance (TPA) is a non-profit, non-partisan organization dedicated to educating the public through the research, analysis and dissemination of information on the government’s effects on the economy.