Biden’s next stimulus bill could send you more money: 5 ways you could benefit from his plan

The $1.9 trillion stimulus bill approved in March is just the first part of a massive plan President Joe Biden has in the works this year to reduce the rate of poverty and steady the US economy coming out the pandemic. Biden’s first part starts with the American Rescue Plan and its one-time stimulus checks for up to $1,400 a piece and runs through seven child tax credit payments and monthly $300 checks to fill in for lost wages for unemployed workers. The Biden administration is sketching out two more stimulus proposals for 2021 that would send more money directly to people and hold onto money they already have.

The first of the packages — which Biden is calling the American Jobs Plan — if approved would put more than $2 trillion into the US economy and create jobs through focusing on critical infrastructure. The second, called the American Families Plan, according to the Washington Post, could set aside $1 trillion for individuals and families.

Right now, the plans are just that, but we’ll be following its development. We’ll share every benefit we know so far. Plus, here’s what to expect from the enhanced child tax credit, what is happening with canceling student debt, how to claim money your state has of yours and how March’s stimulus bill can help you save money on health care costs.

When would Biden’s American Families Plan bill arrive?

The American Families Plan is still months from approval. First, Biden and Congress are crafting the American Jobs Plan, a $2 trillion plan to build and upgrade roads and transportation hubs, improve the power grid, fund EV car charging, expand affordable housing and bring high-speed broadband to more rural areas.

As far as we know, the American Jobs Plan wouldn’t include a fourth check or other obvious savings. It’s the bill after that — the American Families Plan — that could come closer. Keep reading for ways Biden and Congress plans to directly help you with the third stimulus bill, plus other proposals on the table…Read more>>


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