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1.9万亿美元!拜登公布名为“美国拯救计划”的建议

$1.9 trillion! Biden Unveils Proposal Called “America's Rescue Plan”

華爾街見聞 ·  Jan 15, 2021 07:38

Source: Wall Street

Author: Wang Chao

At 6: 00 a.m. on January 15, a number of US media simultaneously disclosed the details of President-elect Joe Biden's upcoming US rescue plan (American Rescue Plan). It is reported that the follow-up Biden team plans to put forward another plan to stimulate the job market in February this year.

Biden will call for a minimum hourly wage of $15, update the paid leave system, propose $350 billion in state aid and provide $160 billion for COVID-19 vaccination and virus screening. In addition, Biden proposed to send $1400 in direct cash to U. S. nationals, including $2000 in December.

Biden's stimulus package includes:

Direct payments of $1400 to most Americans, including $600 in December, will bring the total relief amount to $2000

Increase federal unemployment benefits to $400 a week and extend them until the end of September

Raise the federal minimum wage to $15 an hour and allocate $350 billion for state and local government assistance

Allocate $170 billion for Kmur12 schools and higher education institutions

Allocate 50 billion US dollars for novel coronavirus testing

Allocate $20 billion for national vaccine programmes

Make the child tax credit refundable in the current year and increase the credit to $3000 per child ($3600 for children under the age of 6).

Handing out $2000 to Americans is a priority that Democrats generally agree needs to be given.

At the end of last year, the Democratic-controlled House of Representatives quickly voted on whether to increase cash handouts to $2000 and passed by 275 votes in favor and 134votes against, reaching the 2/3 majority threshold.

As a result, everything that follows depends on the Senate. After winning the Georgia run-off election, Democrats have successfully won 50 seats in the Senate, on a par with Republicans. Because Vice President-elect Harris will have the decisive vote as President of the Senate, the Democratic Party has gained effective control of the Senate.

However, the seats of both democratic and Republican parties are still "50-50" in the Senate, and the Democratic Party has a relatively weak advantage, and it is less likely to pass a bill (that is, legislation through the ordinary process) by more than 60 votes in the future. As a result, they are likely to use budget adjustments to push for the first bill to be passed, with a view to addressing some of the first priorities within the party.

Increasing the cash disbursement to $2000 would mean an additional $464 billion in US fiscal spending, which would mean a further increase in US government borrowing. But Republicans, mostly conservatives, have always believed that the US government's act of increasing spending will lead to debt out of control, and for them, adding an extra $464 billion in debt is undoubtedly a departure from their basic principles.

But on the other hand, the impact of the epidemic on the lives of a large number of American residents is real, and refusing to give more cash to the public is undoubtedly a direct enemy of the public.

Edit / Phoebe

The translation is provided by third-party software.


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