Biden's $1.9 Trillion Covid Relief Plan
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BIDEN’S $1.9 TRILLION COVID RELIEF PLAN
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Relief for Working Families
$ Billions
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Economic impact payments: $1,400 per person/$2,000 total$425
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Unemployment insurance: $400 supplement through Sept. 2021$290
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Child Tax Credit increases and made fully refundable$149
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Paid leave$84
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Health care: COBRA and Affordable Care Act subsidies$57
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Childcare$38
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Assistance for rent, utilities and to combat homelessness$35
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Veterans health$20
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Nutrition/SNAP$12
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Mental health$4
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Subtotal$1,114
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Other Relief
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First responders and aid to state and local governments
$350
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Schools: K-12 and higher education$170
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Direct Covid pandemic response: testing, vaccines, supplies, workforce
$160
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Small business grants$50
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Transportation$20
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Tribal governments$20
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Cybersecurity$7
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Subtotal$777
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TOTAL$1,891
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Sources: Moody's Analytics, "The Biden Fiscal Rescue Package, " Jan. 15, 2021
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https://www.moodysanalytics.com/-/media/article/2021/economic-assessment-of-biden-fiscal-rescue-package.pdf
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"President-elect Biden Announces American Rescue Plan," Jan. 14, 2021
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https://www.whitehouse.gov/briefing-room/legislation/2021/01/20/president-biden-announces-american-rescue-plan/
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