Incoming President Biden's Stimulus Package proposal has been unveiled.
1.9 Trillion
Includes:
- 1 time cheque of $1,400 U.S. to every household
- Topped up unemployment benefits
- 14 Days of Paid sick leave, through the end of September only (so not a permanent employment standards change), with reimbursement of cost for States and Employer of 500 or fewer staff.
- A Bill raising the U.S. minimum wage to $15 USD (approx. $20 CAD) over a period of time (not clear on the timeline, but almost certainly phased over a few years)
- Large investments in infrastructure
President Biden’s plan is aimed at helping battle the virus and alleviate the economic toll it has taken.
www.nytimes.com