Biden Unveils COVID Relief and Stimulus Plan

Biden Unveils Covid Relief and Stimulus Plan

January 14 President-elect Joe Biden delivered public remarks in which he detailed a $1.9 trillion COVID-19 relief proposal, the American Rescue Plan. The American Rescue Plan will be the first piece of Biden’s two-part response to the pandemic. Details regarding the second piece, the Build Back Better Recovery Plan, are expected to emerge in the coming weeks.

The President-elects American Rescue Plan includes:

- Direct payments of $1,400

-Authorization of an OSHA COVID-19 Standard that would extend to workers not typically covered by OSHA.

-$400/week in supplemental unemployment benefits through September

-$350 billion for state and local governments

-Raising the minimum wage to $15/hour

-$130 billion to help schools reopen

-$160 billion in funding for a national program of vaccination, testing, and other coronavirus containment efforts

-$30 billion for rental and small-landlord support

-$25 billion for childcare providers

-Expanded food assistance

-Expanded child tax credits

-Expanded medical and family leave

With the proposal set to include a laundry list of Democratic priorities, it will be no small feat for President-elect Bident to shepherd a legislative package through a Congress that Democrats control by only a slim margin. Many portions of the proposal will require 60 votes to pass in the Senate, necessitating Republican support. However, jobless benefits, stimulus payments, and possibly the minimum wage hike could go through with a simple 50-vote majority under a special legislative procedure called budget reconciliation.

IWLA The Resource for Warehouse Logistics

To become an IWLA member visit, https://www.iwla.com/become-an-iwla-member/

Leave a Comment

Your email address will not be published. Required fields are marked *