In the days before his inauguration, President Biden unveiled the American Rescue Plan — an emergency legislative package to address the COVID-19 pandemic.
Boasting that its $1.9 trillion price tag is “ambitious, but achievable,” the Biden administration’s proposal includes a new round of stimulus checks, eviction moratoriums, tax credits, vaccination funding, and many other initiatives. The Biden team also called $600 stimulus checks — signed into law in December as part of a $2.3 trillion omnibus bill — a “step in the right direction,” but “only a down payment.”
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