Biden will present the third financial aid plan in connection with COVID-19: what the payments will be - ForumDaily
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Biden will present the third financial aid plan in connection with COVID-19: what will be the payments

On January 14, US President-elect Joe Biden is expected to unveil a coronavirus relief plan that includes the largest direct payments yet - $2000 for most Americans, writes KTLA.

Photo: Shutterstock

While the current cost of the new aid package is unknown, it is expected to include an extension of additional unemployment benefits, local and state government assistance, small business incentives, funding for schools and vaccine distribution, and a third round of incentive payments to individuals.

While the prospect of receiving a check for $ 2000 may sound like a pleasant one, many people wonder if they will be among those who can receive this amount. Short answer: there is no exact information right now. But it may be available soon. Of course, the requirements can change during the course of the debate.

On the subject: Some US residents will not automatically receive new financial aid: what to do

Mark Goldwein, senior policy director for the Committee for a Responsible Federal Budget, tweeted a breakdown of the $2000 payments by category and how they would work under the House proposal. Spouses with children would be eligible for the largest amounts—up to $14 for a couple with five children earning less than $000 a year.

By itself, a proposal in the Democratic-controlled House of Representatives does not mean that this will be the Biden plan. However, this information provides the basis for a possible plan.

Analysts say the vote on Biden's financial aid plan should provide an indication of whether Republicans will work with the Democratic majority or split up.

 

Biden told voters in Georgia last week that if Democrats win the race in the state, most Americans will receive checks for $ 2000.

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This eventually happened, as confirmed by Senate Minority Leader Chuck Schumer.

“One of the first things I want to do when our new senators take their seats is deliver $2000 checks to American families,” said Schumer, who will become majority leader.

The formerly GOP-controlled Senate and Majority Leader Mitch McConnell were the biggest obstacles to getting larger direct payments.

When might the $2000 payment become a reality? Probably early February at the earliest. The results in Georgia will need to be certified before the new senators take their seats. Republicans are expected to appeal the results. The deadline for confirming results is January 22.

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In the U.S. coronavirus COVID-19 federal aid
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