Biden Stimulus Plan Coming Thursday, $2,000 Payments Likely
President-elect Joe Biden plans to reveal his first stimulus plan later this week.
As the latest round of stimulus payments continue to make their way out to Americans, a plan for more COVID-19 relief is in the works. According to a News 10 report, President-elect Biden will announce the next relief plan this Thursday and it will likely include the $2,000 direct payments to American's that were recently suggested by President Trump. Lawmakers tried to push through the $2,000 payments for the current round of stimulus payments but were not successful. News 10 says the Biden plan will also include "...an extension of unemployment assistance, aid to local and state governments, a boost for small business, (and) funding for vaccine distribution."
From my perspective, the fact that another stimulus plan is already being proposed is a little puzzling. After waiting months for this latest round, why not wait another month to get the right plan together? On the other hand, it is good to see more relief could be on the way for those who need it, especially our small local businesses. They have been the hardest hit during the pandemic.
It will be interesting to see how this one unfolds once it is announced later this week, especially the $2,000 payment portion. I have always been of the mindset that the direct payments and stimulus should be reserved for those who need it most: Americans out of work and local business owners who are struggling to keep their enterprises afloat. Or, if payments do go out to all Americans who meet the income requirements, why not make it a stipulation to spend some of those dollars at small, local businesses?