{"id":109689,"date":"2021-01-23T13:14:33","date_gmt":"2021-01-23T13:14:33","guid":{"rendered":"https:\/\/precoinnews.com\/?p=109689"},"modified":"2021-01-23T13:14:33","modified_gmt":"2021-01-23T13:14:33","slug":"bidens-relief-proposal-to-include-1-tln-in-direct-relief-to-households","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/bidens-relief-proposal-to-include-1-tln-in-direct-relief-to-households\/","title":{"rendered":"Biden’s Relief Proposal To Include $1 Tln In Direct Relief To Households"},"content":{"rendered":"
President-elect Joe Biden unveiled a $1.9 trillion economic stimulus package proposal to lift the U.S. economy<\/span> as well as its people, badly hit by the coronavirus pandemic.<\/p>\n The relief proposal includes $1 trillion in direct relief to households, $415 billion to fight the pandemic and $440bn for small businesses and worst-affected communities.<\/p>\n In addition to the $600 in direct payments previously announced in a relief bill, stimulus payment checks worth $1,400 would be issued to each individual.<\/p>\n Unemployment insurance was increased by $100 to $400 a week, and would be extended to September, along with a moratorium on evictions and home repossessions..<\/p>\n The incoming government will allocate $50 billion to expand COVID testing and $130 billion to support schools reopen by the spring.<\/p>\n 100,000 public health<\/span> workers will be hired for contact tracing.<\/p>\n In an address to the nation Thursday night on the American Rescue Plan and Build Back Better Recovery Plan in Wilmington, Delaware, Biden urged Congress to hike the federal minimum wage to $15 per hour.<\/p>\n “The very health of our nation is at stake…A crisis of deep human suffering is in plain sight and there’s no time to waste,” Biden said.<\/p>\n He pointed out that since this pandemic began, the wealth of the top 1 percent has grown by roughly $1.5 trillion since the end of last year \u2014 four times the amount for the entire bottom 50 percent.<\/p>\n Some 18 million Americans are still relying on unemployment insurance.<\/p>\n Nearly 400,000 small businesses have permanently closed their doors, and an equal number of Americans lost their lives due to the deadly disease.<\/p>\n “There will be stumbles, but I will always be honest with you about both the progress we’re making and what setbacks we meet.” Biden said. <\/p>\n