The head of state spoke about the major successes the current administration has achieved.
President Joe Biden delivered an address Tuesday outlining the interim results of the “America’s Rescue Plan,” a Biden administration initiative to rebuild the American economy hit by the pandemic coronavirus.
The president noted that the first results of the plan were direct federal payments to U.S. taxpayers and the expansion of the vaccination program. To date, Biden said, the Internal Revenue Service has sent out more than 163 million checks to Americans, each worth up to $1,400, which means a payment of $5,600 for the average family of four. During the program, more than 85 percent of American families will receive such payments.
Thanks to the “Plan to Save America,” the administration was able to expand the vaccination program. In the first hundred days of Biden’s presidency, more than 220 million immunizations were given in the United States – a rate, the president stressed, “unmatched by any other country in the world or in the history of previous immunizations in America.”
The bailout plan has also provided assistance to millions of Americans who have trouble accessing food, helped people in rental housing, and made health care more affordable.
“The idea (of the plan) is obvious: Help is here. And the bottom line is this: “The ‘Plan to Save America’ is working. Americans are getting vaccinated. The number of jobs is skyrocketing. The economy is growing. And our country is picking up again,” said Biden.
The president added that some sectors of the American economy, such as the restaurant industry, need special help.
When the COVID-19 pandemic struck in the United States, restaurants were among the first to suffer significant damage. In 2020, 2.3 million jobs in the restaurant industry disappeared.
“Before the pandemic, restaurants and bars employed 12 percent of our nation’s workforce. It’s an industry that has provided more job opportunities for minorities than any other American industry,” Biden said, “Currently, only about a quarter of restaurant owners expect to return to normal employment within the next six months. With our plan, we can do so much more.”
The Biden administration’s Restaurant Revitalization Fund will provide “direct assistance to restaurants and hard-hit food service establishments: bars, bakeries, drive-thru and catering businesses.
Companies receiving grants can use them to pay salaries, rent, utilities, supplies – everything they need to stay open and reopen. We’re opening the doors of this program so that restaurants across the country can open their doors again,” Biden said.
He said applications for the program began accepting applications Monday, and in just two days, organizers received 186,200 applications for help from all 50 states. Biden called the figure “staggering.” The 97,600 applications came from restaurants owned by women, veterans and members of the socially and economically disadvantaged.
Applicants’ applications have not yet been processed, but according to Biden, about 100,000 caterers will be helped.