President-elect Joe Biden is outlining his plans for economic relief from the coronavirus crisis on Thursday, citing the need for a more robust vaccination plan as well as for additional direct payments to American families to help recover the U.S. economy. His plan, called the American Rescue Plan, is expected to cost $1.9 trillion.
The package includes $1,400 direct stimulus checks, which would supplement the $600 checks Congress passed late last year. Biden also proposes an additional $160 billion for a national vaccine program, including $20 billion for distribution, and an additional $50 billion for expanded testing.
The plan also calls on Congress to invest $170 billion in K-12 schools and higher education, including $130 billion for schools to safely reopen. He proposes raising the federal minimum wage to $15 per hour, as well as providing billions for child care assistance, federal nutrition programs, rental assistance and tribal governments’ pandemic response. The package also includes $350 billion in emergency funding for state and local governments.
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