Apr 27, 2021
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About this Deal
The $1.9 trillion stimulus bill approved in March is just the first part of a massive plan President Joe Biden has in the works this year to reduce the rate of poverty and steady the US economy coming out the pandemic. Biden's first part starts with the American Rescue Plan and its one-time stimulus checks for up to $1,400 a piece and runs through seven child tax credit payments and monthly $300 checks to fill in for lost wages for unemployed workers. The Biden administration is sketching out two more stimulus proposals for 2021 that would send more money directly to people and hold onto money they already have.
The first of the packages -- which Biden is calling the American Jobs Plan -- if approved would put more than $2 trillion into the US economy and create jobs through focusing on critical infrastructure. The second, called the American Families Plan, according to the Washington Post, could set aside $1 trillion for individuals and families.