[Congressional Record Volume 167, Number 45 (Wednesday, March 10, 2021)]
[Senate]
[Page S1457]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AMERICAN RESCUE PLAN ACT OF 2021
Mr. BARRASSO. Mr. President, I rise today to submit for the Record a
letter sent to the U.S. Senate from Cathy and Bill Schreiber of Wilson,
WY.
I recently had the opportunity to visit with Bill. He shared with me
his optimism for the future of our Nation and his belief that the
``worst of the pandemic is behind us.''
In their letter, Cathy and Bill expressed support for helping those
most impacted by the COVID-19 pandemic. Like many people, they felt
assistance should be targeted to only those individuals truly impacted
by the pandemic. They offered sincere, honest options to make sure the
relief got in the hands of those who need it, while limiting the
financial strains additional debt spending will create for our Nation.
Cathy and Bill asked that I share their letter with the Senate. It
expresses their confidence in the future and their compassion for
others who continue to be adversely impacted by the current pandemic. I
ask unanimous consent that their letter be printed in the Record.
There being no objection, the material was ordered to be printed in
the Record, as follows:
March 3, 2021.
U.S. Senate,
Washington, DC.
Dear Senators: I want to start by thanking you all for the
hard work you have all performed over the last year dealing
with the COVID 19 pandemic. The economic relief and stimulus
bills that you have pass starting last March have made all
the difference in the world! Without this support from the
federal government I believe the country would have descended
into the greatest depression the country has ever
experienced. And that would negatively effect the world
economy.
As indicated by the amazing rebound in the stock market, it
is clear that the current economic slow down is a health
problem, not a systemic economic problem. I live and work in
a small resort in northwest Wyoming and our community was hit
very hard early last year. But now the economy is strong
again and the unemployment rate is less than 4%! That means
over 90% of the workforce is working. With the number of
vaccines being administered now close to two million doses a
day and vaccine availability ramping up very quickly, I
believe the worst of the pandemic is behind us.
So now it is time to focus on the people who got hit hard
by COVID. And there are millions. I see that the Senate is
reducing the income eligibility for stimulus checks and I
believe that is a good thing. I hope it can focus the $1,400
payments to an even higher degree to the people that need
them. This will help the bill be more bipartisan which will
set the tone for future legislation! This is SO important
right now.
It appears to me that my wife and I will qualify for the
full $2,800 stimulus check based on our income from 2019. But
we would not qualify based on our 2020 income. We do not need
the stimulus check. The check we received last spring we gave
to people we knew who had lost their jobs. We will do the
same thing again if we do receive a check, but we would much
rather see less money borrowed by the U.S. government than
giving money to the millions of workers that have not been
financially effected by the pandemic. I would like you all to
compromise a little and consider the following.
Treat the stimulus checks received in 2021 as ordinary
income. This way folks that have made great financial gains
over the last year will give some back to the U.S. treasury.
Restrict who gets checks based on net worth. Pick a number.
I understand this is difficult to determine but it can be
done.
Have state and local governments provide revenue statements
for the last 24 months to see which ones really needs help.
The county I live in does not need any financial help in my
opinion. A 5% reduction in revenue is not the end of the
world. It is even heathy in my opinion.
Keep some extra ``gunpowder'' for some more future support
for the unemployed for later this year and 2022.
Start to discuss how the government is going to pay this
money back. These trillion-dollar sums become meaningless
after a while. If the taxpayers of this county were to pay 10
million dollars a day towards this new debt, it would take
530 years to pay it off! And that amount does not even
account for any interest.
And last, please remove funding for special projects and
put them in a separate piece of legislation.
I know that fundamentally all Senators basically want the
same near-term result. The pandemic to be behind us and that
all Americans who have been hit hard by it be helped through
the next year or two. I believe the economy is going to come
roaring back very soon. It will be different but strong.
I thank you for your time.
Sincerely,
Cathy and Bill Schreiber,
Wilson, Wyoming.
P.S. Please reduce the proposed stimulus bill by $2,800 on
our behalf.
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