Yale School of Management

Entrepreneurship Blog

President-Elect Joe Biden Releases $1.9 Trillion American Rescue Plan

January 19, 2021
On January 14, President-elect Joseph Biden released a $1.9 trillion rescue plan that would provide significant assistance to individuals and families, states and localities, schools and universities, and small businesses. The proposal specifically calls for additional direct payments to households, a permanent increase of the federal minimum wage to $15 an hour, extended unemployment insurance benefits, tax relief for households, $350 billion in state and local government aid, $170 billion to schools and universities, $70 billion for COVID testing and vaccine program, and $50 billion for small businesses.  Continue reading “President-Elect Joe Biden Releases $1.9 Trillion American Rescue Plan”