Bernie Sanders: Why We Need The $ 3.5 Trillion Reconciliation Package
The good news is that the American Rescue Plan Act, enacted in March, has worked. In a time of unprecedented health and economic crisis caused by the pandemic, he has done exactly what a democratic government in a civilized society is supposed to do: meet the needs of desperate people.
The law provided essential direct payments to families in difficulty, protected the unemployed, fed the hungry, prevented evictions and allowed small businesses to survive. It helped revive the economy, which grew in the second quarter at an annualized rate of 6.5%. Perhaps most importantly, he provided funds for the government to expand the immunization program and save thousands of lives.
The bad news is that the US bailout has failed to address the long-overlooked structural crises many American families face: Three people have more wealth than the bottom 50%, real workers’ wages have. not increased for nearly 50 years, and we face the existential threat of climate change.
We need structural reforms to improve the lives of American families. If Democrats cannot get Republicans’ support for these reforms, then we must do it alone through the reconciliation process.
In recent years, Republicans have used reconciliation to give trillions in tax breaks, which mostly benefit the rich and big business, and they have used it to try to repeal the Affordable Care Act and deprive some 32 million people of the health care available to them. We will also use it. But we will use it to support the struggling middle class and families, and in doing so, create millions of well-paying jobs.