Why the New Covid Relief Bill Is Something to Celebrate

Democrats got almost everything they wanted in the $1.9 trillion stimulus bill

James Surowiecki
GEN
Published in
4 min readMar 6, 2021

--

Chuck Schumer gives a thumbs up
Senate Majority Leader Chuck Schumer after the Senate voted 50–49 to pass the American Rescue Plan Act. Photo: Kent Nishimura/Los Angeles Times/Getty Images

The tendency to poke holes in everything and to focus on what went wrong (or what didn’t go right) is a difficult one to resist, especially in the age of social media. But that’s a tendency you should absolutely resist when it comes to the $1.9 trillion Covid relief bill that the Senate just passed, and that Joe Biden will soon be signing into law. This is a genuinely impressive and important bill. It will not only bring much-needed relief in the form of $1,400 checks for every member of a family and give unemployed workers extra benefits for the next six months, but it will also put a significant dent in the U.S. poverty rate, particularly the child poverty rate. If you compare it to the stimulus bill that Democrats passed in 2009, soon after Barack Obama took office, the Covid bill is more than twice as big and far more progressive in its impact (meaning it’s better targeted at people who need help). And perhaps the most impressive thing about this bill is that it got through Congress without being watered down.

To be sure, there were a few changes that were made to the bill in the Senate, largely, it seems, to keep Sen. Joe Manchin of West Virginia on board. The most important of those reduced the extra benefits for unemployed workers from $400 to $300 a week. In a more sensible world, that wouldn’t have happened, since the last thing you should trim in an economic relief bill is unemployment benefits. But relative to what many expected, the changes were surprisingly small. Before Congress began considering this bill, many pundits thought the original $1.9 trillion price tag would have to be significantly reduced in order to keep all 50 Democratic senators on board. (That no Republican senator would vote for the bill seemed like a foregone conclusion.) A $1.2 trillion bill certainly seemed possible. Instead, the bill Congress passed looks surprisingly similar to the one it started with.

That’s different from what happened with Obama’s 2009 stimulus bill, which was meant to deal with the biggest economic crisis since the Great Depression. That bill was too small to begin with — even though Christina Romer, the chair of the Council of Economic…

--

--

James Surowiecki
GEN
Writer for

I’m the author of The Wisdom of Crowds. I’ve been a business columnist for Slate and The New Yorker and written for a wide range of other publications.