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Sunday, February 28, 2021

President-Elect Biden Unveils $1.9 Trillion COVID-19 Stimulus Plan

President-elect Joe Biden has unveiled a COVID-19 stimulus package to fight the pandemic and the economic crisis in the United States a week before he takes office.

President-elect Joe Biden has unveiled a COVID-19 stimulus package to fight the pandemic and the economic crisis in the United States a week before he takes office.

Biden’s relief package includes $415 billion to boost programs aimed at combating the virus, such as vaccination and testing efforts. 

This funding would allocate $170 billion “to safely open a majority of our K-8 schools by the end of our first 100 days,” with $50 billion to increase testing efforts at schools.

The package also includes $1 trillion for households with $1,400 direct payments to each American, adding to the recent $600 stimulus payment, which would fulfill Biden’s pledge of $2,000 stimulus checks.

“We will finish the job of getting a total of $2,000 in direct relief to people who need it the most. $600 is simply not enough if you still have to choose between paying rent and putting food on the table. Even for those who have kept their jobs these checks are really important,” Biden said in remarks on Jan. 14 in Wilmington, Delaware.

The package also increases supplemental unemployment benefits to $400 a week from $300 a week. These benefits would also be extended until September.

The package also includes $440 billion for communities and small businesses, particularly those hit hard by the pandemic.

Biden also called for the extension of a national eviction moratorium, which is set to expire on Jan. 31.

“It’s not hard to see that we are in the middle of a once-in-several generation economic crisis within a once-in-several generation public health crisis. A crisis of deep human suffering in plain sight. And there is no time to wait. We have to act and we have to act now,” Biden said.

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