The bite will push the Americans up to $ 1,400 each in major economic recovery

The future president of the United States, Joe Biden of the Democrats, will strengthen the corona-weakened US economy with a $ 1.9 trillion recovery package.

It writes major international media such as the Financial Times and The Wall Street Journal after Joe Biden presented the plan on Thursday night US time.

The economic rescue plank is launched, shortly before Joe Biden takes office as president on Wednesday, January 20, and it contains, among other things, individual checks for the Americans.

“A crisis of deep human suffering is obvious. There is no time to waste. We have to act, and we have to act now, “Biden said briefly in his speech from Delaware to the American people about the recovery package.

According to several media outlets, with his pressure to complete the package, Joe Biden is trying to shift the focus back to the covid-19 crisis and the economy. In recent weeks, virtually all the focus has been on the attack on Congress on January 6 and the outgoing president, Donald Trump’s, upcoming state court case number two.

First priority in the White House

The recovery package is Joe Biden’s legislative first priority when he moves into the White House. It goes on several legs, each of which should help pull the economy out of the mud after the global crisis.

According to Biden, there are individual checks on the way for individual Americans of up to $ 1,400 per person. man depending on income. With an expected cost of $ 465 billion, it forms the largest single part of the recovery package.

During the crisis, Americans with incomes below $ 75,000 a year have previously received individual checks of up to $ 600.

The bid will set aside $ 350 billion in direct support to state and local governments.

Likewise, $ 350 billion has been prioritized for expanding unemployment assistance up to $ 400 a week.

And then, among other things, $ 160 billion is also included directly for testing and vaccine for covid-19, which despite the increasing rollout of vaccines will continue to draw deep tracks well into 2021.

The package comes in the wake of a $ 900 billion recovery package adopted in late 2020 and an even larger $ 3,000 billion package since the start of the covid-19 crisis.

According to the Financial Times, the plan is expected to be supported by the vast majority of Democrats. Leading voices such as Chuck Schumer and Nancy Pelosi have already expressed their support.

The US Congress is divided into two chambers, the House of Representatives and the Senate. Democrats already have majorities in the House of Representatives and are also moving toward securing control in the Senate.

Source: by

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