Paycheck Protection Program

Updated: Jan 26

President Joe Biden plans to hit the ground running. Here are some highlights of his proposed stimulus plan:

An increase of $1,400 to the $600 stimulus payments that are being processed now
Federal unemployment benefits would increase from $300 to $400 per week
Extending the moratorium on evictions and foreclosures until September 30
$350 billion for state and local governments
$130 billion to help schools reopen
$50 billion for COVID-19 testing
$20 billion to help with a national vaccination program
Increasing the Child Tax Credit to $3,000 per child and making it refundable