President-elect Joe Biden presented the $ 1.9 billion American Rescue Plan , with which he seeks apply a series of measures that support the economy of families and businesses affected by the pandemic .
The package seeks to increase the support presented in the economic relief law for the coronavirus of $ 3 billion in March and that of $ 900, 000 million of December.
With the support from both chambers Biden will seek that the American Rescue Plan is approved to overcome the crisis caused by Covid – 19 , injecting resources for control the pandemic with the massive application of vaccines and by sending more resources to families and companies to reactivate the economy as soon as possible .
The site CNN made a count of the outstanding points proposed The American Rescue Plan :
Direct payments of $ 1, 400 to eligible persons
This amount would be added to the $ 600 approved by Congress in December for reach a total of $ 2, 000 dollars . On this occasion, the dependent adults who were left out of the previous rounds and some young people over 17 years.
Increase to the federal weekly unemployment benefit to $ 400
Increase to $ 400 dollars per week for help for the unemployed by the Federal Government until September, which would represent $ 100 more than the current one aid ending in March.
Increase in federal minimum wage to $ 15 per hour
Increase to the minimum wage of $ 7. 25 to $ 15 dollars per hour.
Extends moratoriums on eviction and foreclosure until the end of September
They propose :
– $ 25, 000 million dollars more in rental assistance for households low and moderate income who lost their jobs during the pandemic .
– Allow people with mortgages guaranteed by the federal government to request forbearance until 30 September .
Help for people who do not have to eat
– Extend increase of 15% increase in coupons for food until September (expires in June).
– Invest $ 3, 000 million to help ensure the nutrition of women and children .
– Grant to US Territories $ 1, 000 million in nutritional assistance .
$ 170 billion for school higher education institutions and K – 12
– Provide $ 170, 000 additional millions to schools to help them reopen and facilitate remote learning.
Covid Vaccine and Testing Supports- 20
– – Invest $ 20, 000 million in a national vaccination program .
– Invest $ 50, 000 million to purchase rapid tests, expand laboratory capacity and help schools implement regular tests to support reopening .
Temporary increase in tax credits
Boost the tax credit for children to $ 3, 600 for children under 6 years and $ 3, 000 for those between 6 and 17 years for one year. Proposes that the credit be fully refundable .
Emergency license restoration paid
Restore sick and family leave benefits until 30 of September (expired in December) and extend the benefit to workers employed in businesses with more than 500 employees and less than 50.
Small Business Assistance
– Channel $ 15, 000 million for the creation of a new grant program for small business owners, independent of the Program of Existing Protection Pay Checks .
– Invest $ 30, 000 million in state, local, tribal and non-profit funding programs of profit that grant low interest loans and provide venture capital to entrepreneurs.
Aid for states
Target $ 350, 000 million to state, local and territorial governments to keep workers active from first line , distribute the vaccine, increase testing, reopen schools and maintain vital services .
With information from CNN and Agencies.
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