Joe Biden Usa Washington president pandemic economy Joe Biden Usa Washington

Rescue aid package may reduce inequality, but for how long?

Reading now: 443
www.clickorlando.com

WASHINGTON – Democrats have celebrated President Joe Biden’s $1.9 trillion COVID-19 relief plan as a blow against one of America’s most entrenched economic woes: The vast inequality that divides the richest from the rest — a gap made worse by the viral pandemic.

Hailed as the biggest anti-poverty package in generations, the plan delivers huge benefits to low- and middle-income families.

It sends $1,400 checks to most adults and extends $300-a-week unemployment aid for six months. Perhaps most significantly, it greatly expands a child tax credit and turns it into steady income for poor families.

All told, experts say, the package will reduce child poverty by nearly half. Yet for how long? As ambitious and expensive as it is, the American

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA