President-elect Biden has made no secret of the fact that, once in office, he is ready and willing to support a lot of new spending. Last week, he made good on his pledge, unveiling a $1.9 trillion “relief” package less than a month after Congress had passed a nearly $1 trillion pandemic-related stimulus measure.
In a speech announcing the details of the new package, billed as the American Rescue Plan, Biden noted that it will include $400 a week in extended unemployment insurance, $1,400 “stimulus” checks for all but high wage earners, a $15 federally-mandated minimum wage, 14 weeks of paid family and medical leave, and rent forbearance—to list just a few.
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