President Joe Biden’s Economic Plan

President Joe Biden announced his $1.9 trillion dollar COVID-19 stimulus plan on January 15, 2020. Joe Biden knows that no economic strategy will have an impact unless the spread of the virus is stopped. To reopen again, public health experts say we need to have the flexibility to surge equipment and supplies to any new hotspots of the virus, the ability to trace anyone that may have been exposed to the virus, and to listen to the health officials even if we do not like the plan.

The first main element of his plan includes one trillion dollars in direct aid to the public. Biden has proposed $1,400 per-person checks in addition to the $600 checks that were already sent out. The second element of the plan is to get out as many vaccines as possible in the quickest amount of time and to reopen schools. He wants to get 100 million vaccines out within 100 days of his inauguration and promises that most schools will reopen by spring. The last two elements of his plan are to help support local communities by granting small businesses loans and to upgrade cybersecurity.

In the coming weeks, President Biden will announce a separate economic recovery plan, which will include investments in infrastructure, manufacturing, and other spending unrelated to COVID-19 to "create millions of additional good-paying jobs, combat the climate crisis, and build back better than before." Congress is still working on the exact wording of Biden’s COVID relief bill.