Biden’s next two stimulus bills: 5 ways the new packages might bring you more money



President Joe Biden isn’t waiting for the IRS to finishing sending the third stimulus check that is part of the American Rescue Plan before looking ahead to two new stimulus proposals. In a speech before Congress on April 28, Biden presented his administration’s ideas for how the US can create new jobs, reduce poverty and get more money into people’s hands to spur the economy as it the US comes out of the pandemic. “We need to make a once-in-a-generation investment in our families and our children,” Biden said, outlining the next two packages called the American Rescue Plan and American Family Plan, “a once-in-a-generation investment in America itself.”

March’s $1,9 trillion stimulus bill was just the first leg of Biden’s plan, with its one-time stimulus checks for up to $1,400 apiece, seven child tax credit payments and monthly $300 checks to fill in for lost wages for unemployed workers. The next two stimulus proposals for 2021 that Biden pitched in his speech would send more money directly to people and work to let individuals and families hold on to the money they already have. The next package up — which Biden calls 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, Biden’s plans are just that, but we’ll be following its development. We’ll share every benefit we know of 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 is Biden’s timeline for the American Families Plan?

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 to sending more money to individuals and families. 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>>

Source:-cnet

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