President-elect Joe Biden will disclose a stimulus package proposal on Thursday outlined to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed $1.5 trillion and help minority communities. When Biden was campaigning last year, he made a promise to take the pandemic more seriously than President Donald Trump, and the package aims to put that promise into action with an inrush of resources for the coronavirus vaccine rollout and economic recovery.
The new administration will work with Congress on the quick stimulus package after Biden takes office on Jan. 20, although the impeachment of Trump threatens to consume lawmakers in the initial weeks. The stimulus package has a price tag above $1.5 trillion and includes a commitment for $1,400 stimulus checks. A significant portion of the additional financial resources will be dedicated to minority communities. “I think you will see a real emphasis on these undeserved communities, where there is a lot of hard work to do,” said another transition official.
Biden’s plan is to present the package during a prime-time address on Thursday evening. The Democratic-led House of Representatives voted to impeach Trump on Wednesday, making him the first president in U.S. history to be impeached twice. Ten of his fellow Republicans joined Democrats to charge him with inciting an insurrection in last week’s deadly rampage in the Capitol. Biden said: “I hope that the Senate leadership will find a way to deal with their Constitutional responsibilities on impeachment while also working on the other urgent business of this nation.”
Last week the stimulus package would be “in the trillions of dollars” and argued that more spending early on would reduce the long-term economic damage from the shutdowns spurred by the pandemic. He also added that there would be “billions of dollars” to speed up vaccine distribution, along with money to help reopen schools and for state and local governments to avoid laying off teachers, police officers and health workers.