Biden’s proposed Covid relief package to have $1400 stimulus checks and additional funds for vaccinations



In a prime time address on Thursday, President-elect Joe Biden announced a $1.9 trillion relief package. This package would include stimulus checks, funds for welfare and small businesses and funds to expand the current vaccination program which is slow and is currently unable to decrease the spread of the coronavirus,


Biden is asking for approval and support from the newly elected Congress members for his “America Rescue Plan.” This ambitious plans seeks to address almost all the major current issues plaguing America.


Biden said, “We have to act and act now.”


The plan has a $416 billion allotment to help launch a national vaccine program. The goal is to vaccinate 100 million Americans and to reopen schools in 100 days of office.


An extra $1 trillion dollars would be set aside for stimulus checks to be distributed for a third time. The eligible recipients will get $1400 as direct payments. An extra $400 per week will be disbursed to the unemployed and other workers.

Biden could ask Congress to increase the minimum wage to $15 an hour. This step will

help front-line workers who have been the mainstay of the economy but haven’t got rewards for their hard work despite working through the pandemic.


Billions will also be set aside to help small businesses including those owned by minorities and low income families. Funds will be allocated for rent relief and to help the disadvantaged get access to child care and adequate nutrition through federal programs.


Biden has indicated that he wants a relief bill by the end of January. This could be difficult as the Senate will be busy with the upcoming impeachment trial.

Follow us on Google news for more updates and News


This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer