The Administration's Stimulus Bill Wastes Money and Adds to the Debt

“There was an assumption states had massive revenue losses associated with the COVID experience, but the data that has come out since then shows many states did not. Twenty-one states are seeing a rise in revenue. States like Florida don’t need more money. Oklahoma doesn’t need more money. My state of Utah doesn’t need more money. California has record surpluses, billions of dollars in surplus. And yet under this bill, California itself at the state level gets $26 billion more, and in total with its localities, it gets $41 billion. This is on top of their already surplus year. Think about that. We’re going to be asking the American people to allow us to borrow money from China and others, pass that on to our kids and grandkids, so that we can send money to states like California and mine that don’t need the money. That doesn’t make any sense at all.”