1/2/2024 0 Comments Moneybag joeOverall, bill lowers poverty rate from 13.7 percent to 8.7 percent – similar to Columbia analysis New analysis of Biden stimulus impact out today –> “As the pandemic has revealed and exacerbated the gaping holes in our social safety net, we hope that temporary programs that will dramatically lower poverty over the next two years, such as the child tax credit, are made permanent," the groups said in a statement to Blavity. In a joint statement, even progressive groups Battle Born Collective, Justice Democrats, Sunrise Movement, United We Dream and New Deal Strategies said the bill will "bring badly needed relief to millions of working families and begin the long road of recovery from the pandemic." Black and Hispanic Americans are expected to see the largest benefit." Vox called the bill "the most far-reaching anti-poverty legislation in more than 50 years," and The New York Times editorial board said it "has the potential to cut poverty by a third and reduce child poverty by more than half, according to an analysis by Columbia University’s Center on Poverty and Social Policy. ![]() While people on both sides of the political aisle have expressed frustration about what wasn't in the bill, most notably provisions to raise the federal minimum wage to $15, the $1.9 trillion American Rescue Plan has been lauded by experts as vital to getting the country back on its feet following the economic devastation caused by the COVID-19 pandemic. ![]() In addition to sending $1,400 to every American less than $75,000 annually, the bill also includes $300 billion in weekly jobless benefits through September. It will send billions to states for COVID-19 vaccine distribution and safe school reopening while also providing relief to struggling small businesses and tax credits for families. "This historic legislation is about rebuilding the backbone of this country and giving people in this nation, working people, middle-class folks, people who built the country, a fighting chance," Biden said while signing the bill.Īccording to CBS News polls, the bill is wildly popular with the public, even among Republican voters, with three out of four Americans expressing support for its passage. Yo also donated $10,000 for hand sanitizer and masks to Shelby County Schools in Memphis last year.The hotly-debated COVID-19 relief bill has finally been signed by President Joe Biden after months of arguments and haggling over what would be included or left out. But in January, he did perform at a rally for Democratic Senators Jon Ossoff and Raphael Warnock in Georgia. Moneybagg Yo isn’t the most political rapper. The artistry appears to be in approval of the Covid relief bill being signed into law, and the forthcoming $1,400 stimulus checks. “I thought a twice impeached president who couldn’t get re-elected SAID SUM,” one tweeter wrote. One tweet even changes Moneybagg Yo’s “Said Sum” lyrics. There are pictures of Biden with cornrows, and GIFs where Biden’s face replaces a rapper. Others depicted the president sagging his pants, wearing baseball caps, and Newport sweatsuits. Some of the photoshopped images placed a du-rag and several gaudy chains on President Biden. Memes of Moneybagg Joe trended on Twitter and also surfaced on Instagram. “ National News Manne WTF Shit Done Got Outta Hand,” wrote the Memphis-bred rapper on an Instagram post featuring MSNBC’s Ari Melber’s commentary. Moneybagg Yo has responded to the Moneybagg Joe tweets that emerged on the social media app shortly after President Biden signed the $1.9 trillion Covid relief package.
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