A Network of the National Association of State Treasurers
Policy Update:

Biden Blueprint for Additional COVID-19 Stimulus

Attribution: Gage Skidmore from Peoria, AZ
Brian Egan, Policy Director, NAST

President-Elect Biden is expected to release his blueprint for an additional COVID-19 stimulus later this evening. Among many other specific proposals, the $1.9 trillion package includes $1,400 in direct payments to individuals, $350 billion to state and local governments, an extension of expanded unemployment benefits through September, and billions in additional aid for targeted measures. Certain individual proposals, such as additional direct payments to individuals, have bipartisan support. As is, however, the proposed package would face a steep uphill battle in the Senate where it would likely require at least 60 votes to avoid filibuster. 

Key Measures Include:

  • $1,400 per person check
  • Expand child care credits, and make partially refundable.
  • Expand the child credit to $3k/child for the year.
  • Expand the EITC credit for childless adults to almost $1,500 and  with increasing the income limit from $16k to $21k for the year.
  • $130B for schools to safely reopen
  • $35B for expanding the Higher Education Emergency Relief Fund and $5B for states/governors to use on highest impacted students
  • Emergency paid leave requirements, and removing exemptions in place now.
  • Expanded sick, family and medical leave policies, including a maximum $1,400 per week in paid leave including state and local government workers.  Extended until Sept. 30, 2021. 
  • Extended unemployment, the $400 federal addition, extending unemployment for those who have run out or don’t typically qualify. And fund work sharing arrangements by states, through September, 2021
  • Extend eviction relief, and $30B in rental and energy assistance plus $5B for those experiencing homelessness.
  • Extend and expand a whole host of SNAP food policies and benefits.
  • Raise the minimum wage to $15/hour.
  • Call on employers to fund essential worker back hazard pay.
  • Funds for childcare totaling at least $40B.
  • $1B to states for TANF.
  • Funds for various health programs including vets.
  • $3B for first responder EDA grants.
  • $20B for public transit.
  • $20B for Tribal governments.
  • $15B for small businesses plus a loan program using
  • $35B to leverage loans to businesses (incl. clean energy sector).
  • $9B for new cybersecurity with CISA and GSA plus additional funds in other areas.

NAST will keep members informed as updated information becomes available.