President Joe Biden spent the weekend tweeting about the American Rescue Plan — his $1.9 trillion spending plan that many economists blame for triggering the inflation that has led, in part, to the current banking crisis.
Biden posted no fewer than ten tweets about the American Rescue Plan, which passed two years ago, in March 2021. It was opposed by every singe Republican in Congress because it spent vastly in excess of what had already been allocated to COVID relief, and because it seemed likely to cause inflation — which it did.
Thanks to the American Rescue Plan, the expanded Child Tax Credit cut child poverty in half and gave tens of millions of parents breathing room.
My budget would restore it.
— Joe Biden (@JoeBiden) March 11, 2023
With the signing of the American Rescue Plan, we laid the foundation for the progress we see today:
Record new business applications.
More Americans with health insurance than ever before.
Billions in investments in American…
