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Grassroots group calls on Senate to reject $3 trillion bailout
DES MOINES, Iowa. – Americans for Prosperity (AFP) released a report detailing the nearly $2 trillion in federal assistance already available to state and local governments, including more than $1.1 trillion that has been provided in the wake of the outbreak of COVID-19.
The analysis, conducted by AFP Policy Manager Matthew Dickerson and AFP Senior Fellow Alison Winters, also calculates the flexible federal assistance available to each state. The report suggests that this unprecedented amount of federal funding combined with responsible decisions at the state and local level should allow state and local governments to maintain necessary services without expediting a massive bailout bill from Congress.
AFP-Iowa State Director Drew Klein issued the following statement on the report’s findings:
“With a staggering amount of money at the state level, it’s clear that a massive federal bailout isn’t just bad policy – it’s not necessary. This report confirms that Iowa has over 5 billion at its disposal. Our lawmakers need make the tough choices they were elected to make and allocate the funds we already have responsibly.
“The $3 trillion package from Speaker Pelosi is another blatant attempt to leverage this crisis to push through a partisan wish list and our Senators should stand up and oppose it. We don’t need bailouts. We need a plan to safely reopen the economy and policies that will help us recover stronger than before.”
Summary of Key Findings: