Joe Biden Unveils $1.9 Trillion COVID Relief Package

NEW on Biden $1.9T plan:

— $2K checks (adds $1,400 to $600). Adult dependents IN

— $400/week UI thru Sept, will push 4 “triggers.” Not retroactive

— CTC to $3,000/yr per kid, fully refundable

— $15/hr min. wage

— Eviction moratorium thru 9/21https://t.co/mww4nQ470F

— Jeff Stein (@JStein_WaPo) January 14, 2021

Other big pots of $:

— Huge $ for health care – testing, national vaccine program, public health workers

— $350B for states, cities

— $130B for schools

— 14 weeks paid sick & family leave

— Major EITC expansion

— $25B 4 rental $

Full plan:https://t.co/gi3a9RKxch

— Jeff Stein (@JStein_WaPo) January 14, 2021

I’m shocked.

Are you telling me we aren’t going to spend eight months to wrangle $600 stimulus checks out of the performance art deficit hawks?

Yahoo:

“President-Elect Joe Biden unveiled a $1.9 trillion stimulus package that includes direct payments to Americans, a $15 minimum wage, aid to small businesses, and a national vaccination program, among many other provisions.

“While Congress’s bipartisan action in December was a step in the right direction, it was only a down payment. It fell far short of the resources needed to tackle the immediate crisis,” according to the statement accompanying the details of the plan. “We are in a race against time, and absent additional government assistance, the economic and public health crises could worsen in the months ahead.”

The $1.9 trillion legislation includes $1,400 stimulus payments on top of the $600 being distributed, the extension of key unemployment programs that are set to expire in the spring, aid to small businesses, $350 billion to state and local governments, increase in tax credits for low- and middle-income families, and $160 billion for a national program on vaccination and testing …”

Biden is giving a speech about this in about thirty minutes. The plan is to use budget reconciliation to push it through the Senate.