President-elect Joe Biden announced his $1.9 trillion pandemic relief plan on Thursday, aimed at helping the country recover from the economic effects of the coronavirus pandemic. Among its proposals are an additional $1,400 in direct payments; increased aid to state and local governments that have seen losses of tax revenue; an increase in the minimum wage, to $15 per hour; and funding for a national vaccination plan and school reopenings.
The plan is receiving mostly favorable reviews, in first impressions ranging from his former primary rival Sen. Bernie Sanders (I-VT) on the left to Wall Street on the right, where investors had expected a strong rescue package following the Democratic victories in Georgia’s Senate runoffs and the change in Senate control.
However, Fox News is already beginning to fearmonger about the plan.