03122021 :: Friday finance
A partial digest
Friday was day 52 of the Biden-Harris administration. The $1.9 trillion H.R. 1319, the American Rescue Plan Act of 2021, was signed by Biden into law Thursday, after quickly clearing the House again following Senate action last weekend. According to a Tax Policy Center analysis being widely circulated, the lowest quintile of income earners in the nation is set to receive the lion’s share of the package’s after tax income benefits.
This brings us to one of the more significant trading developments from this past week, which is that…