Checks of $1,400 will be issued on top of the $600 checks delivered by the last congressional stimulus legislation.
President-elect Joe Biden revealed a $1.9 trillion stimulus package proposal on Thursday and stated that bold investment is required to jump-start the economy and fasten the US response to the coronavirus pandemic.
The stimulus package includes $415 billion to accelerate the response to the virus and the rollout of Covid-19 vaccines, some $1 trillion in direct relief to households, and roughly $440 billion for small businesses and communities who are severely affected by the pandemic.
The plan includes aid package checks for $1,400 on top of the $600 checks delivered by the last congressional stimulus legislation. Supplemental unemployment insurance would also increase to $400 a week from $300 a week now and would be extended to September.
During prime-time remarks from Delaware, Biden said: “It’s not hard to see that we’re in the middle of a once-in-several-generations economic crisis with a once-in-several-generations public health crisis. A crisis of deep human suffering is in plain sight, and there’s no time to waste.” He added: “We have to act and we have to act now.”
During his election campaign last year, he had promised to take the pandemic more seriously than Donald Trump and this aid package focuses on putting that promise into action with an increase in resources for the US response against Covid-19. Biden’s plan aims at kicking off his time with a large bill that sets his short-term agenda in motion quickly. It will help the economy and get a handle on the virus.