Cousins!

In less than a week President elect Joe Biden will officially take office and it appears that the very first thing on his agenda is to provide emergency assistance to those in need during these unforeseen times!

During a news conference held on Thursday, Biden forwarded a proposed $1.9 trillion Covid relief package that includes additional stimulus check payment and unemployment assistance, reports CNBC.

Sources have confirmed that the Covid relief plan is the first of two major spending initiatives Biden is seeking to attend to within his first months in office.

It has been indicated that Biden is seeking to forward stimulus payments to eligible applicants for an additional $1,400. Also to increase the unemployment benefits plan to $400, extending it through the month of September.

Reports read that Biden’s plans also include: Increasing the federal minimum wage to $15 per hour

• Extending the eviction and foreclosure moratoriums until the end of September

• $350 billion in state and local government aid

• $170 billion for K-12 schools and institutions of higher education

• $50 billion toward Covid-19 testing

• $20 billion toward a national vaccine program in partnership with states, localities and tribes

• Making the Child Tax Credit fully refundable for the year and increasing the credit to $3,000 per child ($3,600 for a child under age 6)

“The crisis of human suffering is in plain sight, and there’s no time to waste,” stated Biden. “We have to act, and we have to act now. I know what I just described does not come cheaply, but failure to do so will cost us dearly,” he said. “The consensus among leading economists is, we simply cannot afford not to do what I’m proposing.”