Wednesday, June 16, 2021
Economy and AnalysisBiden's Executive Orders and What They Mean for Your...

Biden’s Executive Orders and What They Mean for Your Business

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Biden’s executive orders that he plans on making immediately after he takes office have already been announced. He plans on making them within the first 10 days he is in office. Some of them are expected to impact businesses across the nation.

The purpose, Mr. Biden says, is to reverse some of the decisions made by President Trump. He also wants to ensure that the nation is moving forward toward a stronger economic recovery. Here are some of Biden’s executive orders:

A New Stimulus Package

As a whole, the democrats have wanted a much larger stimulus package than the previous one. President Biden will now seek to provide an additional $1,400 per person to bring the total amount up to $2,000. The entire package is for $1.9 trillion, but this amount is apt to incur objections from the senate republicans. Besides providing economic relief to families and individuals, the package will help schools and businesses to reopen.

The new President also says that new decisions made in response to the COVID crisis will be based on scientific and medical expert advice and not on politics. This will be a real change from the past four years.

Raise Minimum Wage

One thing that has raised the hopes of many Americans receiving low pay is President Biden’s promise to increase the minimum wage from $7.25 to $15 per hour. It is part of the stimulus package, but many are saying that it is not a good idea because smaller businesses – especially now – cannot afford it. Some states have already passed legislation that made this the new minimum wage in the near future.

COVID Plans

Once he is in office, President Biden intends to expand the various aspects of COVID treatment at all levels. This includes the much wider availability of testing and vaccines. He wants to deliver 100 million vaccines within the first 100 days in office. This will also mean that vaccines will be made available in more places and more medical teams will need to be available to give them. It is hoped that the vaccines will reduce the spread of COVID cases much faster, enabling businesses to return to a normal state sooner than they would have under the Trump administration.

Biden also plans to increase the capacity of medical facilities to be able to treat more patients infected with COVID. More protective gear for frontline medical workers will also be available.

Rejoin the Paris Agreement

Under President Trump, the U.S. withdrew from the Paris Agreement. The Agreement aimed to reduce man-made global warming due to pollution. President Biden says that he will seek to bring the U.S. back into the Agreement and continue to reduce carbon emissions.

Continue Eviction Moratorium

One decision made earlier that helped millions of families earlier was a moratorium declared on evictions for rent and mortgages. Millions of people still depend on this because they remain out of work due to COVID-related problems in the nation.

The Equality Act

During his candidating time, Mr. Biden has said that he will push for the Equality Act within the first 100 days of his presidency. He recently started saying that it is likely to take longer because of expected opposition in the Senate. This act focuses on prohibiting discrimination based on gender identity and sexual orientation. The goal is to provide protection for LGBTQ+ people and ensure their civil rights.

Mandate Wearing of Masks

A mandate is also expected to be passed by Mr. Biden requiring masks in federal buildings. Federal buses and planes will also have the same requirement.

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