Jakarta, CNBC Indonesia – Senate United States (US) legalized the stimulus package for handling Covid-19 and economic recovery worth US $ 1.9 trillion (equivalent to Rp.27,335 trillion at an exchange rate of Rp.14,386 / US $) proposed by President Joe Biden’s administration, Saturday (6/3/2021) local time. This is the CNBC International report as quoted on Sunday (7/3/2021).
Voting results on the stimulus package showed a 50-49 result, a dramatic result given Republicans questioning the package’s expansion.
After this, the Democratic Party-controlled Congress will approve the package on Tuesday (9/3/2021) local time. After that, an authorization will be sent to Biden to be signed by the March 14, 2021 deadline to renew the previous aid program.
As an illustration, the regulation includes direct assistance to the community of up to US $ 1,400 (equivalent to Rp. 20.1 million), unemployment assistance worth US $ 300 (equivalent to Rp. 4.3 million), and the extension of child taxes to children for one year. The package also contains funding for the distribution and testing of the Covid-19 vaccine, assistance with rental fees for struggling households, and the cost of opening face-to-face schools.
Senate approval shows Biden’s first legislative initiative is approaching fruition. At a time when the Democrat Party and several economists criticized the scope of the package, Democrats said decisive action was needed to accelerate economic recovery.
“We will end this terrible plague and we will travel again and send our children to school. Our job now is to help our country move from a stormy present to a hopeful future,” said Senate majority leader Chuck Schumer. .
(friends)
– .
