POLITICS

Joe Biden Set To Jump Start Economy

President-elect Joe Biden has unveiled a $1.9tn stimulus plan for the U.S. economy before assuming office next week.

The coronavirus-plagued U.S. economy has witnessed thousands of business closures and seen millions of people unemployed.

It would include $1tn for households, with direct payments of $1,400 to Americans earning up to $75,000 per year if passed by Congress.

The relief proposal includes $415bn to fight the virus and $440bn for small businesses.

It also includes the extension of enhanced federal unemployment benefits at $400 per week and extending the federal eviction moratorium through September, a major expansion of child tax credits, $350 billion to help state and local governments, and more than $400 billion for schools and vaccinations.

The plan also calls for Congress to raise the minimum wage to $15 and scrap lower minimum wages for tipped workers and people with disabilities.

“No one working 40 hours a week should live below the poverty line,” Biden said.

“During this pandemic, millions of Americans, through no fault of their own, have lost the dignity and respect that comes with a job and a paycheck,” Biden said.  He added that “The very health of our nation is at stake.”

Mr. Biden has called for unity, calm, and a collective effort to beat the pandemic that has killed more than 385,000 people in the U.S.

Readers Bureau

Edited by Jesus Chan

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