In less than a week, President-elect Joe Biden will be confirmed as the 46th President of the United States. Amid a second impeachment, capitol riots, and general civil unrest, Biden has unveiled his plan to launch a 1.9 trillion dollar coronavirus package. The plan titled “America Rescue Plan” comes after a year-long battle of conflicting opinions on managing a global pandemic.
Biden’s plan tackles two facets of the pandemic: relief for American families and vaccine distribution. If approved, Biden’s plan will increase the weekly federal unemployment payments to $400 per week until September. It will also include another $1400 stimulus check, and he will be extending moratoriums on evictions through September. This follows an announcement that over 1 million American’s filed for unemployment last week.
In terms of vaccine distribution, Biden’s plan would provide $70 billion to states to aid in their COVID testing efforts, as well as reading the minimum wage to $15 an hour. After announcing his relief plan Thursday evening, the stock market fell. Biden’s responded to this in Delaware, stating, “There is real pain overwhelming the real economy — the one where people rely on paychecks, not investments, to pay for their bills and their meals and their children’s needs.” Senior Biden officials have also alluded that bills regarding climate change and infrastructure will be introduced in February.
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