Jared Bernstein: Stimulus Payment Details Still Under Review

The transcript covers discussions on economic policies related to stimulus checks, state and local government aid, and the minimum wage. It highlights President Biden's commitment to providing financial support to those in need, the importance of addressing revenue losses and costs for states, and the economic rationale for raising the minimum wage. The conversation also touches on the necessity of extending unemployment benefits and providing nutritional support to ensure economic recovery.

What income thresholds has President Biden consistently supported for stimulus checks?

• $100,000 for single filers and $200,000 for joint filers

• $50,000 for single filers and $100,000 for joint filers

• $80,000 for single filers and $160,000 for joint filers

• $75,000 for single filers and $150,000 for joint filers

What is a key reason for providing financial assistance to state and local governments?

• To address both revenue loss and additional costs

• To fill the revenue hole only

• To reduce taxes

• To increase state revenue

What is one of the critical components of the American Rescue Plan?

• Reducing corporate taxes

• Increasing military spending

• Extending unemployment benefits

• Cutting healthcare funding

How can the American Rescue Plan impact child poverty?

• By eliminating it completely

• By maintaining current levels

• By cutting it in half

• By increasing it

What is the current federal minimum wage that the debate is centered around?

• $15.00

• $10.00

• $7.25

• $5.15

What is a potential effect of raising the minimum wage according to the economist?

• Decrease in worker turnover

• Minimal job loss with higher wages

• Increase in corporate profits

• Significant job loss

What was included with the last minimum wage increase by Republicans?

• An increase in healthcare funding

• A combination in taxes for small businesses

• A decrease in unemployment benefits

• A reduction in taxes for large corporations