Home / US / Biden is set to call for large spending on stimulants and vaccines.

Biden is set to call for large spending on stimulants and vaccines.

WASHINGTON – President Joseph R. Biden Jr, elected on Thursday, is expected to draft a proposal for billions of dollars of government spending to combat the coronavirus outbreak and its effects. To the economy with a focus on expanding vaccination in many countries Ability to test programs and viruses

Biden will detail his plans, which he and his economy team trained for weeks at an evening speech in Delaware. The efforts will cover the epidemic, health care, education, climate change and other priorities in the country, said Brian Deese, director of the incoming National Economic Council, said at a Reuters Next meeting Wednesday members. Top Democrats in Congress said just days ago they were preparing for efforts to expand the two bills.

“At the moment, the president-elect feels we need to make a serious move in both aid and recovery,” said DC.

America’s resurgence from the pandemic recession has turned to the opposite amid the winter virus outbreak and limiting economic activity in cities and states. The Labor Department reported Thursday that 1.15 million Americans filed new unemployment claims in the first week of the new year, up 25 percent from the previous week. Another 284,000 claims have been filed for epidemic unemployment assistance, a federal emergency program for workers such as freelancers who normally do not qualify for the unemployment benefit. The country laid off 140,000 jobs in December, the department reported last week.

As millions of people continue to struggle, the initial stimulus Mr Biden will disclose is expected to include $ 2,000 in direct payments to individuals and help small businesses and other local and state governments at the briefing. Regarding Mr Biden’s thinking, he said he would call for the first legislation to include an extended federal unemployment benefit, which is scheduled to expire in March for many workers and aid workers. More rumors for tenants

The plan for the first package also includes a significant increase in spending on vaccine installations, testing and contact tracking, Deese said, and Biden will raise enough money to keep most schools open to increase employment. Labor force participation

“We have to open schools,” Deese said, “so that parents and especially women affected by the disproportionate economy can return to work.”

Transition team officials will not say on Wednesday how expensive Mr Biden’s offer is, nor will he publish a cost estimate on Thursday. Last week, Biden said he expected his entire agenda to cost up to a trillion dollars.

Proposals in the second set are likely to be larger than the first, and Democrats plan to pay them all or part by raising taxes on companies and the second rich are expected to focus on building. Work and infrastructure include hundreds of billions of dollars spent on clean energy projects such as electric vehicle charging stations, along with healthcare and education expenses, Mr. Biden’s team and top Democrats. Bring, specify.

The first bill is likely to have a financial deficit to match the Covid-19 relief bill passed by Congress last year.

Biden said he would work to build up Republican support for his plans and that he would need 10 Republican votes in the Senate to defeat the filmmaker. But the top Democrats in the House and the Senate are preparing to switch to a quick parliamentary process known as budget reconciliation in cases where they only get a majority in the Senate. Republicans took this step to evade the perpetrators and approve Trump’s signature tax cuts in 2017.

Both congressional Democrats, including New York Senator Chuck Schumer, who will lead most, have urged Biden to spend more than he originally planned on the bill. Tao was suffering for the first time, said people familiar with the conversation.

Several Democrats in the House and Senate pressure Mr Biden this week to add items to the first bill, including aid targeted for restaurants and an extension of the income tax credit. These loans can greatly reduce child poverty when many low-income parents lose their jobs and turn to child tax credits, which can be worth more than $ 100 billion. Food bank for help

Congress Democrats may include extending those credits in the legislation, regardless of whether Mr Biden claims or not. After Congress passed a $ 900 billion aid bill excluding Democrats’ full list of priorities in December, Schumer told bill board members to include a tax credit extension. Those along with additional direct payments and assistance to state and local governments.

Democrats have also pushed Biden to automatically include in his offer to renew federal unemployment benefits and other assistance until the unemployment rate falls to a certain level in the event that the unemployment rate falls. Congress stops approving additional grants in the future.

Source link