Joe Biden's $1.9 trillion Covid stimulus plan, explained

[babylonsister]

Joe Biden’s $1.9 trillion Covid stimulus plan, explained
Biden has unveiled his opening bid in a proposal to rescue the economy.
By Emily [e-mail] Jan 14, 2021, 7:40pm EST


President-elect Joe Biden has unveiled his opening bid on Covid-19 relief and economic recovery: a $1.9 trillion stimulus deal meant to help the United States address the health and economic crises induced by the global pandemic.

The proposal, called the American Rescue Plan, is divvied up into three buckets: $400 billion for dealing with the coronavirus, including vaccines and testing; $1 trillion in direct relief to families; and $400 billion in aid to communities and businesses. It includes money for testing, vaccines, and public health workers; $400 a week in extended federal unemployment insurance through September; rental assistance; emergency paid leave; and funding for schools reopening, among other items.

And, as Democrats promised when campaigning in Georgia, it would send out another a $1,400 in stimulus checks, bringing the total this year to $2,000.

“We need to tackle the public health and economic crises we’re facing head on,” Biden said in a tweet on Thursday. “That’s why today, I’m announcing my American Rescue Plan. Together, we’ll change the course of the pandemic, build a bridge toward economic recovery, and invest in racial justice.”

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Overall, this is a big deal. The $1.9 trillion in relief Biden is proposing is more than double the $800 billion American Recovery and Reinvestment Act that Democrats passed in 2009 in the wake of the Great Recession. The size and scope of this proposal is a reflection of some lessons Democrats have learned: In 2009, many lawmakers believed they’d have a chance at another bill to deliver more help, but they never did. And so the recovery was slower and more uneven than it could have been had they been more ambitious at the outset.

With that in mind, many Democrats and progressives plan to push the Biden administration and congressional leaders to go even further. Their mantra is increasingly that the real risk is doing too little — not too much.

more...

https://www.vox.com/policy-and-politics/22231808/joe-biden-economic-stimulus-proposal

[Fiendish Thingy]

1. Schools should not reopen until there is a vaccine safe for young kids. Nt

[MineralMan]

2. Some are already saying it is not enough

and that another person who ran in 2020 would have done more. Some people say all sorts of nonsense.