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Is the New COVID-19 Relief Plan a Bailout?

One financial advisor thinks so, according to a recent report from WJBC. The $1.9 trillion American Rescue Plan was passed recently by Congress.

covid 4948866 640smallJohn Rudi, a Financial Advisor with Savant Wealth Management says “this is a bailout; make no mistake about it.” He says it is “disguised as a COVID relief plan because that was the way to get it passed. I’m not happy with it; I think it’s way too much money.”

Many on the republican side of the aisle claim the relief bill is a “blue state bailout,” while Democrats point to the funding for schools, restaurants, vaccine distribution, and direct aid to many families.

The Gazette examined whether the relief plan is indeed a “blue state bailout.” Read the full article here.

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