82% of Americans want more help for small businesses, 72% want stimulus checks from the Biden administration

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Top line

As President-elect Joe Biden prepares to push through a comprehensive stimulus package from a Democratic Congress after taking office on Wednesday, a new Morning Consult poll found that Americans want his government to prioritize aid to small businesses and additional direct payments.

Important facts

Of the 2,200 adults surveyed, 82% said helping small business owners should be a “top” or “important but minor” priority for the new government.

Another round of stimulus checks came just in second, with 79% of respondents saying delivery to Biden should be a priority.

More than two thirds of the respondents also named expanding housing finance policy, more unemployment benefits and more state and local aid as priorities.

Big number

$ 1.9 trillion. That is how big the bailout package proposed by President-elect Biden last week is. Given the reluctance of many Republican lawmakers to spend so much, and the wafer-thin majority of Senate Democrats, there is no guarantee that Congress will ultimately pass a bill of this magnitude.

Crucial quote

“We cannot afford to be idle,” said Biden when he presented the plan last week. “It’s not just that smart fiscal investment, including deficit spending, is more urgent than ever. It is that the return on this investment in jobs and racial justice prevents long-term economic damage, and the benefits will be far-reaching. . . exceed the costs. “

Key background

Biden’s plan would include another round of economic checks of $ 1,400 (to increase the last round from $ 600 to $ 2,000), expanding federal unemployment benefits to $ 400 per week through September, another $ 350 billion – dollars in aid to state and local governments, and more aid to small businesses. It would also include a significant expansion of child tax breaks and a national minimum wage of $ 15 an hour, as well as rental subsidies and an extension of a state eviction moratorium. Congress has already passed five bills to alleviate the coronavirus, approving approximately $ 3.5 trillion in bills to fight the pandemic.

further reading

When it comes to economic policy, about 4 in 5 adults would like Biden to prioritize the small business help and stimulus checks (Morning consultation)

Can the Senate handle Trump’s impeachment proceedings and a new stimulus package at the same time? (Forbes)

Biden Will Push Congress To Pass A $ 1.9 Trillion Incentive: “We Have A Moral Obligation” (Forbes)

Schumer on $ 2,000 stimulus checks amid Trump impeachment advances: “We’ll do it” (Forbes)

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