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Centrist Senators Change Stimulus By Redistributing Wealth Upwards

By Matthew Yglesias

"Centrist Senators Change Stimulus By Redistributing Wealth Upwards"

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If my understanding of what’s happening in the Senate is correct, a bipartisan group of “centrists” is going to modify the stimulus proposal by making it somewhat less generous to poor people and somewhat more generous to prosperous homebuyers. Paris was worth a mass, and a recovery package is worth a dumb homebuyers’ tax credit. But people shouldn’t be under any delusions as to what Nelson, Collins, and co. are doing—they’re slimming the bill down by going after weak claimants, not by slicing out the weakest claims.

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