Joe Biden’s $1.9 trillion Covid-19 stimulus plan, explained
Economy And Jobs,Economic Policy,Coronavirus,Joe Biden,Life During Covid-19
President-elect Joe Biden has unveiled his opening bid on Covid-19 relief and economic recovery: a $1.9 trillion stimulus deal meant to help the United States address the health and economic crises induced by the pandemic.
The proposal, called the American Rescue Plan, is divvied up into three buckets: $400 billion for dealing with the coronavirus, including vaccines and testing; $1 trillion in direct relief to families; and $400 billion in aid to communities and businesses. It includes money for testing, vaccines, and public health workers; $400 a week in extended federal unemployment insurance through September; rental assistance; emergency paid leave; and funding for schools reopening, among other items.
And, as Democrats promised when campaigning in Georgia, Biden’s plan would send out another $1,400 in stimulus checks, bringing the total this year to $2,000.
“We need to tackle the public health and economic crises we’re facing head on,” Biden said in a tweet on Thursday. “That’s why today, I’m announcing my American Rescue Plan. Together, we’ll change the course of the pandemic, build a bridge toward economic recovery, and invest in racial justice.”
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