President-elect Joe Biden’s economic relief package will bring more than $50 billion to cash-strapped New York, the state’s senators said Sunday.
The funds, part of a whopping $1.9 trillion proposal Biden unveiled Thursday, will go to “unemployment benefits … direct cash payments to struggling families, critical dollars to keep small businesses and nonprofits afloat, as well as vaccine dollars, transit relief, state and local funds and more,” according to Sens. Kirsten Gillibrand and Chuck Schumer, both Democrats.
“Come Jan. 20, when Joe Biden is sworn in as president of the United States, we will hit the ground running to deliver the American rescue plan because too many Americans still need help while this pandemic rages on,” Schumer said in a statement.
The funding includes stimulus checks of $1,400 per person, federal unemployment checks of $400 per week (up from $300), $25 billion in rental assistance nationwide and more.
By Gillibrand’s and Schumer’s count, the Empire State will get $54 billion under Biden’s “American Rescue Plan,” which expands the relief package that has been stalling in Congress since December.
The $54 billion figure includes $20 billion in small business loans, $4.2 billion for the MTA, $4 billion for the state’s public schools and $1.3 for emergency rental assistance, according to the duo. There’s also $2 billion in FEMA funding for the state in the pipeline.
“We’ll need those dollars to get through this crisis and come back strong,” said Schumer, who is set to become Senate majority leader this week.
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