On Thursday, soon-to-be-President Joe Biden unveiled a massive $1.9 Trillion plan that would combat the COVID-19 pandemic, whilst beginning the American economy to a revival.
Calling it the “American Rescue Plan”, Biden described it as a means of ending “a crisis of deep human suffering” by speeding up vaccines and pumping out financial help to those struggling with the pandemic’s prolonged economic fallout. The legislative proposal would meet Biden’s goal of administering 100 million vaccines by the 100th day of his administration and advance his objective of reopening most schools by the spring. On the other hand, it delivers another round of aid to stabilize the economy while the public health effort seeks the upper hand on the pandemic.
Source: Philadelphia Tribune
Biden proposed $1,400 checks for most Americans, which on top of $600 provided in the most recent COVID-19 bill would bring the total to the $2,000 that Biden has called for. It would also extend a temporary boost in unemployment benefits and a moratorium on evictions and foreclosures through September. Also giving wings to the Democratic notion, the policy aims such as increasing the minimum wage to $15 an hour, expanding paid leave for workers, and increasing tax credits for families with children.
“We not only have an economic imperative to act now — I believe we have a moral obligation,” Biden said in a nationwide address. “We’re better equipped to do this than any nation in the world,” he said. “But even with all these small steps, it’s going to take time.”
Source: ABC News
Reacting to the policy in a joint statement, House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer praised Biden for including liberal priorities, saying they would move quickly to pass it after Biden takes office next Wednesday.
As part of the plan, about $400 billion would go directly to combating the pandemic, while the rest is focused on economic relief and aid to states and localities. About $20 billion would be allocated for a more disciplined focus on vaccination, on top of some $8 billion already approved by Congress. Biden has also called for setting up mass vaccination centers and sending mobile units to hard-to-reach areas.
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