Biden plans to counter the repercussions of Covid-19
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| Biden's $1.9 trillion Coronavirus plan |
The US House of Representatives approved President Joe Biden's plan to confront the humanitarian and economic repercussions of the Coronavirus pandemic on February 27, 2021, and we will be awaiting the Senate's approval of the rescue plan.
The draft bill should be sent to President Biden's office before unemployment benefits expire on March 14th.
What is Joe Biden's plan to stimulate the economy against Corona?
- Pay unemployment insurance benefits of $400 per week through August 29.
- Expand "epidemic period" programs to extend unemployment benefits to both temporary and self-employed workers.
- Increasing the number of weeks in which individuals can receive payments until September 30, 2021.
- Make $1,400 in direct payments to individuals earning $75,000 and spouses who earn up to $ 150,000.
- Relief for families of up to $3,600 per child over a year.
- Gradually increase the federal minimum wage to $15 an hour by 2025.
- Allocating $20 billion for the national vaccination program.
- Paying $170 billion to help schools and higher education institutions reopen and provide assistance to students.
- Grants $350 billion to support state, local and tribal governments.
- Paying $130 billion to help schools reopen despite the pandemic.
It is noteworthy that Biden's plan aims to support the economy and combat the Coronavirus by spending billions of dollars to speed up the pace of vaccination and publish infection detection checks, and new aid checks will be sent in the amount of $1,400 according to the wage level and the period of unemployment benefits disbursement will be extended until September 30, 2021.
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