On Thursday, President-elect Joe Biden is expected to introduce a $1.9 trillion relief package meant to economically cushion Americans and businesses following the COVID-19 pandemic that’s still affecting the entire world.
So far, the USA alone has recorded more than 23.8 million coronavirus cases and over 397k deaths. The numbers are still skyrocketing every day despite all the positive news about the production of a viable vaccine that is yet to be mass-produced in the nation.
That’s where the $1.9 trillion relief package comes in to help with the distribution of COVID-19 vaccines while still cushioning all the affected economies in the nation.
From the official information reaching us is that the package will include unemployment insurance supplements of about $400/week, $1,400 stimulus checks, and the huge amount is set at a cool $20 billion in the national vaccination program.
Biden’s speech is scheduled for 7.15 p.m. ET, and he will also set things straight by addressing the recovery plans he wishes to adopt by February before he can fully take over by January 20, 2021.
This is not the first package to be introduced in the nation to reduce the coronavirus pandemic’s adverse effects. A few weeks ago, on December, the Congress also passed a $900 billion COVID-19 relief package according to Biden, was a down payment.
As we speak, coronavirus cases and deaths are increasing every day. For instance, On Tuesday, there were over 4,000 deaths, and more than 238k confirmed cases.
The $1.9 trillion relief package will add to the other package released on December to help with vaccination process and help the nation recover from the coronavirus pandemic. The economy and the livelihood of many Americans were altered or halted because most businesses closed down indefinitely, and more than 10 million Americans lost their jobs to fall into unemployment.
The national vaccination program is expected to offer the vaccines free to everyone in the United States. They will deploy the vaccines through a collaboration with states, tribes, and territories, to ensure that every American gets their dose on time no matter how hard it is to reach them.
Another $50 million is supposed to be included in the relief plan for mass COVID-19 testing, lab capacity expansion, and rapid tests purchase. The amount is also intended to help schools and local governments transition properly towards a COVID-safe environment by implementing testing protocols.
The Thursday relief package consists of:
- $170 million for a smooth opening of schools and provide student’s financial relief package.
- $20 billion for Indian tribal governments to effectively respond to the COVID-19 pandemic.
- One million small businesses are expected to get grants of about $15 billion to help them cushion themselves from the economic hardships brought by the coronavirus pandemic.
- $25 billion in rental assistance and $5 billion for home energy and water costs.
- Paid sick/family/medical leave to be expanded to 14 weeks.
- SNAP (Supplement Nutrition Assistance Program) to be increased by 15 per cent until September 2021.
Nelson Richards is a Seasoned Journalist with nearly 6 years of experience. While studying at Case Western Reserve University, Located at Cleveland. Nelson found a passion for finding and writing articles which are published in Well known Media Publications such as Tnt Publications and Ohio News Network. As a contributor to Chroniclex Nelson Covers National Topics.