Friday, November 22

Biden's New Stimulus Package Proposes a $ 400 Weekly Unemployment Bonus: How It Would Be Applied

President-elect Joe Biden announced on Thursday the $ 1.9 billion US Rescue Plan , in which to propose increase federal unemployment payments to $ 400 dollars per week and extend them to the month of September for the more than 18 million who receive these benefits .

The announcement was released the same day that the Department of Labor revealed that 965, Americans applied for state unemployment benefits for the first time last week, the highest number of taxpayers filing for the first time since August .

It is convenient to remember that federal unemployment checks of $ 300 dollars approved in December as part of the aid plan law of $ 900, 000 million, expire in March .

Biden’s plan would send federal unemployment payments of $ 400 until September with triggers that would extend benefits after September for people who continue without working and include adjustments of automatic payments linked to economic and health conditions .

Biden is promoting also an increase to the minimum wage that would go from $ 7. 25 to $ 15 dollars per hour, looking to end at the minimum wage with tips and at the lower than minimum wage for people with different abilities .

These proposals are aimed at reviving the American economy and will be presented to Congress after Joe Biden takes office on 20 January . Biden is expected to win bipartisan support for the legislation so that they reach those who need it most as soon as possible .

With information from Agencies and Media

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