Biden Proposes $ 1.9 Trillion "Salvation Plan for America"

US President-elect Joe Biden on Thursday night unveiled a $ 1.9 trillion bailout plan for the U.S. economy hit by the coronavirus pandemic. Biden's strategy, dubbed America's Salvation Plan, includes direct cash payments to the public, small business assistance and vaccination costs. According to Biden, "the health of the nation is at stake" and it is necessary to act "right now." The benefits to be gained from implementing the plan will "far outweigh the costs." "This investment will return in the form of new jobs ... which will prevent long-term economic damage. At this time of crisis ... we cannot afford to be inactive," Biden said. According to the plan, about one trillion dollars will be spent on one-off payments to millions of Americans, which were decided in December. 415 billion will go to fight the pandemic and vaccinations. Another 440 billion will be directed to support small businesses. Biden's plan also provides for an extension until September of the moratorium on the eviction of people from rented housing and the seizure of property by banks pledged for mortgage loans. The document also proposes to double the size of the minimum wage at the federal level - up to $ 15 per hour. Democratic leaders in the US Congress have already hailed the president-elect's program.