Last week, unemployment claims reached the shocking number of 965,000. This is a huge leap from last month’s jobless claims and only indicates that economic calamity remains ongoing for many Americans.
The financial troubles that so many people in this nation are struggling with have engendered talks about stimulus checks. From amounts ranging from $600 to $2,000, most Americans have their opinions on stimulus payments and what amounts they deem as most appropriate.
Joe Biden, who is set to become the 46th president in five days now, has released an initiative involving $1,4000 stimulus payments, per Breitbart News.
$1,400 Stimulus Checks for Americans
The proposed $1,400 stimulus payments for Americans are included in a greater spending package worth $1.5 trillion dollars.
Biden’s package, of course, involves massive spending, an issue that fiscal conservatives and some Republicans are warning against. Many on the right have consistently supported reopening the economy; furthermore, with Biden preparing to take office, Democrats like the Chicago mayor and New York governor are now all on board with getting the economy open again.
No we didn’t think u guys were going to add the $600 to $1400 to make it $2000. We understood it to be a stand alone extra $2000 stimulus check. Stop playing games Kamala. 😒
— 💎 𝒞𝒶𝓇𝒶𝓂𝑒𝓁 𝐸𝓂𝓅𝓇𝑒𝓈𝓈 ❄️ (@Exotic_Caramel7) January 15, 2021
The Biden presidency is expected to come with new regulations and higher taxes upon businesses. This will significantly interfere with the process of rehiring workers; moreover, businesses saddled with high taxes will also have less room to increase the wages of their employees.
All of this comes at an inopportune time, amid months-long lockdowns and countless out-of-working, struggling Americans.
A Broken Promise
Many Democrats are not pleased with Biden’s proposed $1,400 checks. This is due to Biden vowing $2,000 stimulus checks to Americans.
As things current stand, the soon-to-be-president is facing accusations of playing games. Critics of $1,400 stimulus checks argue that Biden intentionally conned supporters with the ill notion that $2,000 payments would come on top of the $600 stimulus checks; at this point, however, it appears that adding the $1,400 to the original $600 payments was the Democrats’ plan all along.
Direct cash payments.
Aid to small businesses.
Keeping essential frontline workers on the job.
Those are the key elements of my American Rescue Plan.
— Joe Biden (@JoeBiden) January 15, 2021
In five days, Biden will take office. The policies passed under his administration will greatly impact the nation, especially Americans struggling due to this virus. In spite of this, Biden is already touting his “American Rescue Plan” as one that shall engender the betterment of the nation and its people.
What do you think about Joe Biden’s $1,400 stimulus checks? Do you believe that more cash payments should be sent out to the American people? Be sure to let us know your thoughts on Biden’s “American Rescue Plan” in the comments section below.