With Trump postponing a stimulus package, here’s what Joe Biden’s coronavirus relief plan would prioritize

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With Trump postponing a stimulus package, here’s what Joe Biden’s coronavirus relief plan would prioritize
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What does Joe Biden think about another coronavirus stimulus package? He wants to forgive a minimum of $10,000 in federal student loans for each borrower and has indicated support for more stimulus checks.

President Donald Trump’s move to end negotiations on a second stimulus package until after the Nov. 3 election puts new focus on his Democratic challenger Joe Biden’s coronavirus relief proposal.

It’s not clear who would potentially qualify for additional stimulus checks. Campaign staff did not immediately respond to MarketWatch’s request for a comment. Adding $200 to monthly Social Security checks The average Social Security check Americans received in June was $1,514, according to an August report by the Center on Budget and Policy Priorities, a think tank focused on the impact of budget and tax issues on inequality and poverty. That amounts to $18,170 a year.

Extending unemployment benefits The extra $600 a week that unemployed workers were receiving in federal unemployment benefits expired at the end of July. Biden has called for extending unemployment benefits “as long as public health and economic conditions call for it,” but has not named a specific dollar amount.

Democrats had recently proposed a slimmed-down $2.4 trillion stimulus proposal that knocked $1 trillion off the original version of the HEROES Act passed May. Republicans, led in part by members of the Trump administration, upped their bid by $1.1 trillion from the $500 billion HEALS Act proposal that failed to pass in the Senate.

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