President-elect Joe Biden announced Thursday night his plan to combat the coronavirus pandemic and repair the economy. The proposal would cost $1.9 trillion — a giant package, more than twice the size of President Obama’s Recovery Act. It would extend some of the relief measures introduced in the CARES Act last year, and would add a number of other badly needed support systems.
In broad strokes, the plan is in the right ballpark, and many of its stipulations are excellent. However, it falls short in a couple places, most notably in the size of its direct assistance checks and its temporary boost to the Child Tax Credit.