Biden unveiled a $1.9tn stimulus plan for US economy recovery during his speech in Wilmington, Delaware on Thursday night (Friday morning BD time); Photo: Collected
Presiden-elect Joe Biden has unveiled a $1.9tn (Tk 190,000 crores) stimulus plan for the recovery of the US economy that mostly damaged by the Covid-19 pandemic before he takes office next week.
If the stimulus plan approved by Congress, it would include $1tn (Tk 100,000 crores) for households with direct payment of $1,400 to all Americans.
The relief proposal includes $415bn (Tk 41,500 crores) to combat the virus and $440bn (Tk 44,000 crores) for small businesses, reports BBC.
According to AFP, Biden aims to raise the federal minimum wage to $15 (Tk 1,270) an hour, help struggling state and local governments, safely reopen schools, roll out a massive Covid-19 vaccination campaign and raise the size of stimulus checks Congress approved last month.
Joe Biden, meanwhile, has promised to beat the pandemic that has killed more than 397,000 people in the US.
During a speech in Wilmington, Delaware, Biden said, “The return on these investments in jobs, racial equity will prevent long-term economic damage, and the benefits will far surpass the cost”
“In this moment of crisis… we cannot afford inaction,” he added.
During his campaign last year, Biden vowed to a better job combating the virus than Incumbent President Donald Trump. His proposals come as the Winter has surged the record cases of coronavirus. About 200,000 new cases and 4000 new deaths are recorded each day in the United States. Source: BBC, AFP, Source: https://www.daily-bangladesh.com/
