On the 22nd (local time), when the number of victims of the novel coronavirus infection (Corona 19) exceeded 500,000 in the United States, President Joe Biden began to speed up the support of the Corona 19 economy. On that day, he directly announced a plan to spread subsidies to small business owners and small business owners in the United States. In the parliament, the ruling Democratic Party has entered the process of handling the Corona 19 economic stimulus bill worth $1.9 trillion (2,111 trillion won). However, it is expected to be difficult because it is not easy to obtain cooperation from the Republican Party.
President Biden announced a plan to expand the scope of the application for the’Paid Protection Program (PPP)’, a support plan for small businesses, at the White House. He said, “After the coronavirus pandemic, 400,000 small businesses (in the United States) were closed, and more than millions of them were in crisis,” he said. He also appealed to Congress for prompt handling, citing the prospect that more than 7 million jobs would be created if his “American Rescue Plan” passes through Congress.
The Democratic Party passed the Corona 19 stimulus bill with 19 votes for and 16 against the House Budget Committee. After passing through the House Steering Committee, it is scheduled to be voted on by the 27th at the latest. The plan is to pass the bill in the Senate by the 14th of next month.
The Democratic Party prepared a budget bill related to Corona 19 based on a budget resolution voted in the Senate on the 5th. This includes the payment of 1,400 dollars (1,550,000 won) in cash per capita to American citizens with an annual income of 75,000 dollars (84 million won) or less, an extension of additional unemployment benefits, and a budget for Corona 19 vaccine and school attendance support.
However, the stumbling block is the proposal to raise the minimum wage and opposition Republicans’ opposition. President Biden also included an increase in the federal minimum wage, which is currently $7.5 an hour, to $15 by 2025. In response, the Republican Party made clear its opposition. Senator Joe Manchin, who is classified as a’centralist’ within the Democratic Party, has also expressed an opinion that it is excessive. The Republican leadership is also arguing against the need to reduce the total amount to one-third, saying that the economic stimulus plan itself increases the fiscal burden.
The approval of the Senate for senior positions in the Biden administration continues to be delayed. Although it has been more than a month in office as the president, only six ministers, including state affairs, defense, and finance, were approved by the Senate until this day. Even if expanded to ministerial level, there are no high-ranking positions that have been approved except for the director of the National Intelligence Service (DNI) Avril Haynes. Of the 1,250 positions that need to be approved by the Senate, even if we consider the 249 incumbent people who still have their term of office, nearly four-fifths have not been approved.
In addition, Nira Tandon, former chairman of the Center for American Progress,, who was appointed as director of the White House Budget Office (OMB), was also in danger of falling for the first time in the Biden administration. In the past, the controversy over the end of Twitter has prompted both Republicans and Democrats to resign. US online media Axios said, “The Democratic House leadership is quietly considering a black woman, Sheranda Young, an appropriation committee adviser, instead of Tanden’s nominee as an alternative.”
Washington= Jeong Won Correspondent [email protected]
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