150 CEOs Urge Congress to Pass Biden Stimulus Plan

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Corporate America has urged Congress to pass President Joe Biden’s $1.9 trillion stimulus plan

On Wednesday, over 150 CEOs including the leaders of Google  (GOOGL) - Get Report and Goldman Sachs  (GS) - Get Report issued a public letter supporting Biden’s ‘American Rescue Plan.’

“Congress should act swiftly and on a bipartisan basis to authorize a stimulus and relief package along the lines of the Biden-Harris administration’s proposed American Rescue Plan," the statement read. "The American Rescue Plan mobilizes a national vaccination program, delivers economic relief to struggling families, and supports communities that were most damaged by the pandemic."

The House is voting on the bill this week, where it is expected to pass. Then, the bill will be sent for a Senate vote. President Biden will sign the bill following Congressional approval.

President Biden unveiled the stimulus package in January, and the bill includes direct cash payments, extended unemployment, rent relief, food assistance, aid to small businesses and raising the minimum wage. 

Related: President Biden's American Rescue Plan, What You Need to Know

Raising the federal minimum wage to $15 per hour has been a highly debated issue in both parties.

"Hard working Americans deserve sufficient wages to put food on the table and keep a roof over their heads, without having to keep multiple jobs. But millions of working families are struggling to get by," Biden's stimulus plan reads. "This is why the president is calling on Congress to raise the minimum wage to $15 per hour, and end the tipped minimum wage and sub-minimum wage for people with disabilities so that workers across the country can live a middle class life and provide opportunity for their families."

Related: These Wall Street Companies Are Committed to $15 Per Hour Minimum Wage

The federal minimum wage has not been raised from $7.25 since July 2009. 

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