$2,000 checks for the affluent

The House bill would increase the $600 checks to $2,000 ($4,000 for joint tax filers) with another $2,000 for each dependent regardless of age. All told the House bill would provide benefits to a family of five making up to $350,000 a year. The cost would add $463.8 billion to the national debt in addition to the $165.7 billion in checks that passed Congress this month. In other words, Democrats want to burden future taxpayers to write even bigger checks to affluent families today.

Mr. Trump’s proposal is somewhat less spendthrift in leaving payments to children age 18 or younger at $600. But he would still provide benefits to a family of five earning up to $266,000 a year and add $315.5 billion to the debt…

Even some Keynesian economists who aren’t entirely in the Democratic tank are opposing the $2,000 checks as poorly targeted and unneeded given the pace of economic recovery and vaccine deployment. The press loves the new Trump-Schumer condominium, but Mr. McConnell and Senate Republicans are better serving the country this year and into the future.