Biden unveils $1.9 trillion economic relief package (unemployed, Congress, minimum wage, Canada)

[Rocko20]

President-elect Joe Biden has unveiled a $1.9tn stimulus plan for the coronavirus-sapped US economy before he takes office next week.

If passed by Congress, it would include $1tn for households, with direct payments of $1,400 to all Americans.

https://www.bbc.co.uk/news/world-us-canada-55670801

Yikes, only $1,400? What happened to his promised $2,000?

Jan 8:

President-elect Joe Biden said Friday he is assembling a multitrillion-dollar relief package that would boost stimulus payments for Americans to $2,000.

https://www.washingtonpost.com/us-po...stimulus-plan/

I can see many Democrats already having buyers remorse.

[James Bond 007]

Originally Posted by Rocko20

Yikes, only $1400? What happened to his promised $2,000?

They're counting the first $600 as part of the $2000. Your quote:

President-elect Joe Biden said Friday he is assembling a multitrillion-dollar relief package that would boost stimulus payments for Americans to $2,000

"To" $2000. Not "by" $2000. That is, the total amount, after both installments, would total $2000.

[madison999]

$15 national minimum wage will create many unemployed to duck up those new benefits.

I'm all for minimum wage but it can't be national.

The wall will be finished on China joe's watch.

[Senior7]

Boring speech , he said nothing , it’s all repeats , I miss Trump already

[zach_33]

$2000 won't do it. We need at least $100,000 per family per year, and we need to start running annual budget deficits to the tune of $20T-$25T. It's the only solution.

[BoBromhal]

that's interesting to claim $1T is for households which seems to be complete BS based on CARES Act.

Of course, we're talking about taking UE benefits from 16(?) weeks in 2020 to 8+ months in 2021.

[Futuremauian]

Originally Posted by Rocko20

https://www.bbc.co.uk/news/world-us-canada-55670801

Yikes, only $1,400? What happened to his promised $2,000?

Jan 8:

https://www.washingtonpost.com/us-po...stimulus-plan/

I can see many Democrats already having buyers remorse.

The BBC article repeatedly states $2,000 for every American.

Does that mean the ones who qualified before or literally every American?

[zach_33]

Originally Posted by BoBromhal

Of course, we're talking about taking UE benefits from 16(?) weeks in 2020 to 8+ months in 2021.

Only for Biden voters. Trumpers don't like socialism.

[Loveshiscountry]

Originally Posted by madison999

$15 national minimum wage will create many unemployed to duck up those new benefits.

I'm all for minimum wage but it can't be national.

The wall will be finished on China joe's watch.

It will drive up prices and hurt those on a limited income. The ones currently making $11 an hour will now flock to the new $15 an hour jobs because they will no doubt be easier jobs to do. Some of the ones who it was meant to help, will get hurt.

[James Bond 007]

Originally Posted by Loveshiscountry

The ones currently making $11 an hour will now flock to the new $15 an hour jobs ...

This made no sense.

If they raise the minimum wage to $15/hour, the people now making $11/hour will get a raise to $15/hour. So how or why would they flock to yet another $15/hour job? They won't be making any more money than they do now.