new video loaded: Biden introduces $ 1.9 trillion economy bailout package
Biden Introduces $ 1.9 Trillion Economy Rescue Package
President-elect Joseph R. Biden Jr. on Thursday proposed a spending package to combat the economic downturn caused by the coronavirus. The plan includes $ 1,400 in direct payments to individuals and more generous unemployment benefits.
During this pandemic, millions of Americans, through no fault of their own, have lost the dignity and respect that come with work and a paycheck. Millions of Americans never thought they would be out of work. Many of them have never even considered the idea – face eviction, waiting hours in their cars to feed their families as they drive to a food bank. A growing chorus of senior economists agree that the time of crisis – at this time of crisis, with interest rates at historically low levels, we cannot afford inaction. A bailout also includes immediate help for Americans most affected and in need. We will complete the work of providing a total of $ 2,000 in cash to those who need it most. The $ 600 already allocated is simply not enough. One in seven households in America, more than one in five Black and Latin households in America, report not having enough to eat. We will therefore expand emergency nutrition assistance to 30 – for 43 million children and their families enrolled in the SNAP program by the end of this year. To the millions of you who are just looking for a chance to fight in this economy, I promise you, we will not forget you. We understand what you are going through. We will never, ever give up.
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