Schumer: Biden's "Bailout Plan" Could Mean $ 50 Billion in New York Relief | The State
NY.- He ‘Rescue plan’ of COVID presented by the president-elect Joe Biden, it will be ‘very good’ for NY, since it would provide more than $ 50 billion in direct aid for the state, said this Sunday the Senator Charles Schumer.
Schumer, who will become the Senate Majority Leader this week, announced in an appearance with the also Democratic senator from New York, Kirsten gillibrand, which will drive the rescue plan so that it can provide relief as soon as possible.
Schumer and Gillibrand anticipated that they will redouble efforts for the recovery of the state by optimizing the legislative framework of the COVID ‘rescue plan’ presented by President-elect Joe Biden.
According to Schumer, the funds would be provided in the form of unemployment benefits for the jobless, direct cash payments to struggling families, resources to keep small businesses and nonprofits afloat, as well as vaccines, aid. for transit, state and local funds and more.
“On January 20, when Joe Biden takes office as president, we will begin to execute the rescue plan because many Americans need urgent help because the pandemic continues to affect them,” said the senator.
Schumer explained that the aid will be expanded to provide New York restaurants with direct relief from the RESTAURANTS Act. “It is one of the fronts that we will fight hard to achieve. Biden’s rescue plan would deliver more than $ 50 billion and we will need those dollars to overcome this crisis and return more robustly. “
‘Biden understands the urgency of the crisis’
Meanwhile, Senator Gillibrand stressed that the “rescue plan” shows that President-elect Biden understands the urgency of this crisis and will be ready to face the moment from day one in the White House.
“Senator Schumer and I are ready to enact plans to provide New Yorkers with the resources necessary to rebuild an economy that prioritizes paid leave, child care, transit funding, the health force, and equitable vaccine distribution for everyone. I look forward to helping pass this plan to provide much needed relief to our state and local governments across the country, ”Gillibrand emphasized.
Among the many critical needs the emergency plan legislative package would fund more vaccines, provide immediate relief to families and small businesses, direct checks of $ 1,400, help the unemployed and support struggling communities.
Schumer said that, while the plan is not a panacea, and some measures such as direct relief to restaurants have yet to be included, the framework represents a solid foundation that will help emerge from the economic and public health crisis that the COVID pandemic to New York and the nation.
From a breakdown of the plan it is known that the main aspects of the plan include reinforced stimulus payments of $ 1,400, improved unemployment assistance, rental assistance and eviction moratorium, food assistance, more money for child care and credits prosecutors for children, more assistance for children. businesses, help for schools, increased support for vaccinations and tests, and more. These are the key aspects of the $ 1.9 billion proposal that President-elect Biden announced last week.
In December, Schumer announced that New York would receive more than $ 54 billion in coronavirus relief funding as part of a bipartisan package of approximately $ 900 billion approved by Congress.
Schumer also announced, that he coordinated with President-elect Biden to release $ 2 billion in aid to address the COVID emergency in New York and disaster funds from FEMA, previously blocked by President Trump.
What does the agreement include
$ 20 billion in small business loans
$ 9 billion in direct cash payments of $ 600
$ 6.4 billion for improved unemployment benefits
$ 4.2 billion for the MTA
$ 4 billion for the state’s public schools
$ 1.3 for emergency rental assistance
$ 13 billion in funding that goes directly to New York State local governments.
