$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.

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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.

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