WASHINGTON AP reported that President Joe Biden moved closer to a landmark political victory after the U.S. Senate passed a comprehensive epidemic relief plan.
Some of the highlights of the rescue plan include:
· Provide relief for the unemployed
The federal government’s plan to increase unemployment benefits to $300 a week will be postponed to Sept 6, which does not include benefits that beneficiaries receive through state unemployment insurance programs.
· More subsidies to taxpayers
The bill would give $1,400 to each taxpayer directly, $2,800 to married couples and $1,400 to each dependant.
Individuals’ annual incomes are lower than $75,000 and married couples’ annual incomes are lower than $150,000 would receive the full subsidy.
Most Americans will receive the full subsidy. The median household income in the United States was $68,703 in 2019, according to the Census Bureau.
· Provide assistance to schools
The bill calls for about $130 billion in additional aid for students in kindergarten throughout 12th grade. The money will be used to reduce class sizes, retrofit classrooms for greater social distance, install ventilation systems and buy personal protective equipment.
Aid to colleges and universities would increase by about $40 billion.
The money will be used to cover expenses related to the outbreak and to provide emergency aid to students.
· Provide assistance to enterprises
A new aid program for restaurants and bars affected by the outbreak will receive $25 billion. The plan will give $10 million to each company at most.