CA Host: Bob Baker
Presenter: Jim Phillips
Biden’s American Rescue Plan-Discussion Topics
What will the likely impact be for unemployment from the passage the ARP?
The US will see improved economic growth in 2021 over 2020. How much of the growth will be the result of the Covid relief bill? major or minor impact?
What has been the effect on the size of the workforce due to added amounts to unemployment payments? Has the workforce been reduced permanently?The bill includes more generous subsidies for health care under the ACA. Childcare tax benefits are for two years. Is it expected they will be made permanent, and at what cost?
Certain business sectors most burdened by the pandemic are restaurants, travel, entertainment. What is the outlook for the recovery in these sectors?
The ARP contains $10 billion for infrastructure, an almost insignificant amount. Can we expect infrastructure proposals this year for a major amount?
What is the outlook for more regulation? Incentives for climate change? How will it be paid for?
What are expectations for tax hikes on corporate and personal income? Who will be targeted?
Will raising the corporate taxes from 21% to a likely 28% derail the recovery?
What is the likelihood of making cannabis legal at the Federal level under Biden?
2021 Economic Outlook under Biden Administration
2021 Global Economic Outlook _ Morgan Stanley 2_21
Economic outlook for 2021 _ Fidelity
https://www.cnn.com/2021/03/04/politics/senate-stimulus-package-what-to-expect-guide/index.html