White House Phase 4 Rescue Plan: Save the Rich

With two weeks left until the Phase 3 coronavirus rescue package ends, the White House is still dithering over Phase 4:

Return to work bonuses? As COVID-19 cases are skyrocketing? That’s insane. But perhaps not quite as insane as a capital gains holiday, which would—

Do what? Literally nothing except help rich people. Do Republicans just pick this stuff out of a hat every time there’s some opportunity, regardless of what problem they happen to be facing? What else could explain this?

Out of this whole list, the only thing that would directly help the 17 million unemployed is the $600 bonus UI payments, so naturally that’s the one thing Trump wants to cut back. Naturally.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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