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Democrats American Families Plan starting cost is $3.5 trillion. Will it include a 4th stimulus check?

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It's mid july, July 16th to be exact and we still don't know if there be a 4th stimulus check as part of the recently Democrats proposed $3.5 trillion American Families Plan. That's still a big maybe since we are yet to hear mention that a 4th stimulus check of $600/$1,400/$2,000 will be included by either Senate Leader Chuck Schumer of New York or by President Biden himself.

There's still a chance considering it's been believed 80 Democratic senators want one and we know for sure Senator Bernie Sanders of Vermont is fighting for there to be one included.

You can't say the COVID-19 pandemic is over. In New York, six members of the NY Yankees test posted for COVID and Thursday night's games vs. Boston was postponed.

The COVID-19 pandemic is not exactly over, but for sure things are steadily progressing and so much out there that has opened up to near capacity levels.

U.S. is the global leader in COVID-19 cases with 34,002,550 and also in deaths with 612,664. 45% of Americans have been fully vaccinated

In India COVID-19 cases are still surging. They have the 2nd most cases worldwide with 31,025,878 to sadly go with 412,563 deaths. In the heavily populated, large country of India, only about 6% have been fully vaccinated.

Brazil is third in cases with 19,262,518 cases and also unfortunately 2nd in deaths with 538,942 In Brazil about 16% have been fully vaccinated.

Below are some details proposed in the "American Families Plan":

. The $1.8 trillion American Families Plan would offer universal prekindergarten, childcare, paid family and medical leave, as well as other tax credits and incentives to assist families.

  • The plan is an attempt to lift up American families through investments in education, childcare, healthcare, and other supports to grow and strengthen the American middle class.
  • The American Families Plan is part of the Biden administration's larger economic recovery package, which also includes the American Jobs Plan and the American Rescue Plan.
  • The plan would be funded by increasing the top individual income tax rate for those making more than $400,000 annually and other tax increases on high earners.

I use to report on this important topic about 2-3 times a week. However, since there's been slow movement and a lot of confusion, I have covered it less, but will do so when there's more concrete news or a firmer timeline.

Two things seems to be fore sure gas prices and inflation in the U.S. have been on a steady rise for months. In my home state of New York. Gas went from $2.00 a gallon in January to $3.14 now. You can almost bet that the proposed COLA increase in Social Security will be the most it has been in many years. It's almost safe to say a 5% increase is most likely


Comments

jameswritesbest (author) on August 14, 2020:

I do appreciate you taking the time to read my article and also for your most informative and detailed response. Be well & stay safe

CHRIS57 from Northern Germany on August 14, 2020:

You wrapped up the facts very clearly.

Looking at the mess from the outside, let me do some remarks on the US as a whole and the state of New York in particular.

It looks like the state of New York actually followed moreless the same restriction, distancing and lockdown measures that European countries have enacted. The result: Bending the curve, reducing the number of active cases. The relief is obvious. Daily deaths are small compared to Texas or Florida.

When NY peaked in daily new cases (somwhere around April 8th), the state had recorded 9.000 deaths. Today it is 32.000 deaths.

https://www.worldometers.info/coronavirus/usa/new-...

So even if you peak in new cases, the aftermath is horrible (3,5 times).

This is well within the range of what other countries on our planet registered, that had peaked and brought down fatalities.

You can do your own math and do this for the whole US. It will be a bit more complicated, because you have to subtract the states which are static (like NY) and do the multiplying.

My quick pick would be: US peaked on 20th of July. Death count 145.000. The states (today static) to be subtracted probably peaked combined beginning of May. (then 70.000 deaths).

My quick and dirty maths: 145.000 - 70.000 = 75.000.

Apply the multiplier 3,5 = 75.000 x 3,5 = 262.500

Add the already static states again: 262.500 + 70.000 = 332.500

Within a one year period after Covid19 outbreak the US will be very lucky if numbers are kept below 300.000.

Imho vaccination programs will not help enough. Here in Germany the early infected and recovered Covid-19 patients already lost their immunity (antibodies). Happened within 3 months. Hopefully vaccines do better than the virus itself did in creating immunity...

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