Biden’s $1.9 trillion COVID-19 relief plan calls for stimulus checks: January 15, 2021: President-elect Joe Biden unveiled the details of a $1.9 trillion coronavirus rescue package on Thursday, which is designed to support the households and businesses through the pandemic.

This initiative is called the American Rescue Plan, the additional financial support which is expected to sustain U.S. families and firms until the Covid-19 vaccine is available for all.

Biden’s plan includes Direct payments of $1,400 to most Americans, bringing the total relief to $2,000, including December’s $600 fees.

Increasing the federal unemployment benefit per-week to $400 and raising the federal minimum wage to $15 per hour

Extending the eviction and foreclosure moratoriums by September

State and local government aid in $350 billion and $50 billion for Covid-19 tests.

$20 billion towards a national vaccine program in partnership with states, localities, and tribes

$170 billion for K-12 schools and institutions of higher education

Making the Child Tax Credit fully refundable for the year and raising the credit to $3,000 per child.

According to senior Biden officials, the first two significant spendings will be initiated in his presidency’s first few months.

The second bill, expected in February, will focus on Biden’s longer-term goals of creating jobs,  combating climate change, reforming infrastructure, and advancing racial equity.

Senior Biden officials have been working on the stimulus plan for weeks. They confirmed that Biden still supports $10,000 in student debt forgiveness.

“The crisis of human suffering is in plain sight, and there’s no time to waste,” Biden said as he unveiled the plan on Thursday evening from his transition headquarters in Delaware. “We have to act, and we have to act now.” Said Biden.