The aid package includes $US415 billion (A$536 billion) to bolster the response to the virus and the rollout of COVID-19 vaccines, some $US1 trillion (A$1.3 trillion) in direct relief to households, and roughly $US440 billion (A$568 billion) for small businesses and communities particularly hard hit by the pandemic.
He campaigned previous year vowing to do a better job handling the pandemic than President Donald Trump, a Republican. "Investments in the caregiving economy and in skills and training needed by our workers to compete and win the global economy of the future", Biden said. "The rest of the country is ready to move as well". Republicans voiced similar concerns throughout negotiations for the last package. "Specifically, we applaud the President-elect's focus on vaccinations and on economic sectors and families that continue to suffer as the pandemic rages on". Biden also pledged to establish a $15 per hour minimum wage nationally and provide affordable child care. The current minimum wage is $7.25, well below the rate it has historically been when adjusted for inflation. Some of the package would pass on a majority vote in the Senate if it is put through the more tortuous budget reconciliation process.
That is a figure Republicans called too large not that long ago. Democrats will control 50 seats in the Senate once newly-elected Georgia senators Jon Ossoff and the Rev. Raphael Warnock are sworn in this month, leaving Vice President-elect Kamala Harris as a crucial tiebreaking vote. When Biden takes office, Democrats will control both the Senate and the House of Representatives but by narrow margins. Adding to the 600 dollar checks already issued under the last congressional stimulus legislation, such people will receive relief totaling 2,000 dollars each.
Additional stimulus checks are expected.
Congress included payments of $1,200 in its initial stimulus when shutdowns because of the coronavirus began last spring.
"$2,000 means $2,000. $2,000 does not mean $1,400", Rep. Alexandria Ocasio-Cortez, D-N.Y., told The Washington Post.
Biden set to be sworn in as the 46th President of the United States on January 20, the former vice-president is likely to push for a new stimulus package later this month.
Brisbane lifts virus lockdown after city finds zero cases
More than the Brisbane, Moreton Bay, Ipswich, Redland and Logan council areas are in lockdown until 6pm Monday as a result. The region was plunged into lockdown on Friday, following the cleaner's case. "Because it is highly contagious", she said.
The proposal also sets aside $20 billion (Rs 1.46 lakh crore) for a national vaccination programme and $50 billion (Rs 3 lakh crore) to scale up coronavirus testing.
The plan would include flexible grants to help small businesses survive the pandemic and low-priced capital to help entrepreneurs create and maintain jobs and to provide goods and services to their communities.
Hinson wants to target small businesses with more Paycheck Protection Program "because a 25% reduction in revenue to a small business is much different from it is to a business that might employ 500 people".
Raising those to $2 000 will be a priority for Biden, who promised the Georgia voters who gave two crucial Senate seats to Democrats in a runoff elections previous year that he would do so. "It's wrong. It's tragic".
Biden's team says the American Rescue Plan is for the immediate crisis, and he plans on introducing a recovery plan that they say will create millions of jobs and address climate change. "But failure to do so will cost us dearly". "We're at a very precarious moment for our economy", one of the officials said. In all, almost $400 billion of the $1.9 trillion is geared toward combating the virus. Biden also plans a marketing campaign to encourage those skeptical of the vaccine to get inoculated.
"The crisis of deep human suffering is in plain sight, and there's not time to waste", Mr Biden said.
"While prospects for the economy later in 2021 are upbeat, the labor market recovery has taken a step backward and we expect claims to remain elevated with the risk that they rise from last week's levels", Nancy Vanden Houten of Oxford Economics said.