fbpx
Wikipedia

American Rescue Plan Act of 2021

The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.[1] First proposed on January 14, 2021, the package builds upon many of the measures in the CARES Act from March 2020 and in the Consolidated Appropriations Act, 2021, from December.[2][3]

American Rescue Plan Act of 2021
Long titleTo provide for reconciliation pursuant to title II of S. Con. Res. 5.
Acronyms (colloquial)ARP, ARPA
NicknamesCOVID-19 Stimulus Package, American Rescue Plan
Enacted bythe 117th United States Congress
EffectiveMarch 11, 2021
Citations
Public lawPub. L.Tooltip Public Law (United States) 117–2 (text) (PDF)
Statutes at Large135 Stat. 4
Legislative history
  • Introduced in the House as H.R. 1319 by John Yarmuth (DKY) on February 24, 2021
  • Committee consideration by House Budget
  • Passed the House on February 27, 2021 (219–212)
  • Passed the Senate on March 6, 2021 (50–49) with amendment
  • House agreed to Senate amendment on March 10, 2021 (220–211)
  • Signed into law by President Joe Biden on March 11, 2021

On February 8, 2021, the Financial Services and Education and Labor committees released a draft of $1.9 trillion stimulus legislation. A portion of the relief package was approved by the House Ways and Means on February 11, setting it up for a vote in the House. The legislation was also approved by the Transportation and Infrastructure, Small Business, and House Veterans Affairs committees. On February 22, the House Budget Committee voted 19–16 to advance the bill to the House for a floor vote.[4] The bill passed the House by a vote of 219–212 on February 27. All but two Democrats voted for the bill and all Republicans voted against the bill.[5] A modified version passed the Senate on March 6 by a vote of 50–49.[6] The final amended bill was passed by the House on March 10 by a vote of 220–211 with one Democrat voting against it with all Republicans.[7] The bill was signed into law by President Biden on March 11, 2021.[8]

The American Rescue Plan Act provided for direct economic stimulus payments to individual taxpayers with incomes of $75,000 or less. The Act also allocated $350 billion in assistance to state and local governments, $14 billion for COVID-19 vaccine distribution, and $130 billion to schools to help them safely re-open for in-person instruction. The Act included $300 billion in unemployment benefits that were scheduled to extend through Labor Day 2021, as well as an expanded child tax credit. In addition, the Act called for the distribution of $50 billion to small businesses and another $25 billion for relief for small and mid-sized restaurants. The Act expanded eligibility for Affordable Care Act (ACA) subsidies and gave states incentives to expand Medicaid.[8]

Background edit

Impact of the COVID-19 pandemic edit

By mid-2020, the United States was facing what the National Bureau of Economic Research determined was an economic recession,[9] and by February 2021, 500,000 Americans had died of COVID-19.[10] Over 29 million Americans had tested positive for COVID-19 by March.[11] The United States also faced eviction, unemployment, and hunger crises since the start of the pandemic.[12] Over 30 to 40 million Americans faced a risk of being evicted from their homes by January 2021.[13] Then-president Donald Trump also faced criticism for not having a federal strategy to combat the pandemic, such as nationwide mask mandates on transportation, a mass testing strategy, health guidelines, providing medical-grade protective gear, and having an effective vaccine distribution strategy. On January 20, the day after Joe Biden was inaugurated, he warned that the death toll could exceed 500,000.[14] According to Snopes, Biden inherited a vaccine distribution strategy from Trump, and disease expert Anthony Fauci said that his administration would incorporate some aspects of that Trump-era strategy in its ongoing work.[15]

Previous COVID-19 pandemic legislation edit

Prior to the passing of the American Rescue Plan, the CARES Act and Consolidated Appropriations Act, 2021 were signed into law by then-president Donald Trump in March and December 2020, respectively. Trump previously expressed support for direct payments of $2,000 along with Joe Biden and many Democrats. Even though Trump called for Congress to pass a bill increasing direct payments from $600 to $2,000, then-Senate Majority Leader Mitch McConnell blocked the effort.[16] Additionally, the House voted on the HEROES Act in May 2020, which would operate as a $3 trillion relief package. Despite approval in the lower chambers, the Republican-led Senate would not consider such a bill, citing it to be "dead on arrival".[17] Prior to the Georgia Senate runoffs, Biden said that the direct payments of $2,000 would be passed only if Democratic candidates Jon Ossoff and Raphael Warnock won;[18] the promise of comprehensive COVID-19 relief legislation was reported as a factor in their eventual victories.[19] On January 14, prior to being inaugurated as president, Biden announced the $1.9 trillion stimulus package.[20]

Legislative history edit

Negotiations edit

 
Letter from Senate GOP to President Biden detailing concerns of the American Rescue Plan

Ten Republican senators announced plans to unveil a roughly $600 billion COVID-19 relief package as a counterproposal to President Joe Biden's $1.9 trillion plan meant to force negotiations. The senators, including Susan Collins of Maine, Lisa Murkowski of Alaska, Mitt Romney of Utah and Rob Portman of Ohio, told Biden in a letter that they devised the plan "in the spirit of bipartisanship and unity" that the President has urged and said they planned to release a full proposal on February 1.[21] On the same day, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer introduced a budget resolution co-sponsored by Bernie Sanders as a step to pass the legislation without support from the Republican Party.[22] The next day, Biden met with Majority Leader Schumer and other Democrats regarding the relief package.[23]

On February 7, Transportation Secretary Pete Buttigieg and Treasury Secretary Janet Yellen expressed support for the stimulus package. Yellen said that the funding would help millions of Americans and rejected concerns the colossal spending could cause inflation.[24] Yellen also said that the stimulus package would restore full employment by 2022.[25] On February 9, Biden met with JPMorgan Chase CEO Jamie Dimon and other CEOs to discuss the stimulus plan, with Yellen and Harris taking part in the meeting.[26][27] On February 11, Pelosi said that she expects lawmakers to complete the legislation by the end of February, and for the legislation to be signed into law by March 14.[28]

On February 16, Biden promoted his stimulus plan in a visit in Milwaukee, Wisconsin during his first official trip as president. He promoted it via a CNN townhall meeting with voters.[29] On February 18, Yellen called for major stimulus checks during an interview on CNBC, and said that stimulus checks would help the economy stage a full recovery.[30]

Budget resolution passage edit

The United States Senate voted 50–49 to open debate on the resolution, which would allow Democrats to pass the relief package without support from Republicans through the process of reconciliation.[31][32] The House voted 218–212 to approve the budget resolution.[33] On February 4, a vote-a-rama[34] session began, and the Senate introduced amendments to the relief package, including an amendment in a 90–10 vote that would provide direct relief to the restaurant industry.[35][36] Vice President Kamala Harris cast a tie-breaking vote as President of the Senate for final Senate passage of the reconciliation bill, sending it to the House approval of the changes, and allowing drafting of the relief bill to begin in the committees.[37] The House approved the resolution 219–209, with Jared Golden being the sole Democrat to join all Republicans in opposition to the bill due to a preference for a separate vaccine bill instead of the longer reconciliation process.[38]

One of the many non-binding budget amendments in the vote-a-rama session was meant to prohibit people who are in the country illegally from receiving pandemic relief checks. The non-binding amendments were not likely to have any effect on the final relief bill. The Republican Party used hundreds of non-binding votes in the hours-long vote-a-rama session to send messages. Under current law, undocumented immigrants were already prohibited from receiving pandemic relief checks. The amendment passed with eight Democrats joining all Republicans.[39] The amendment received criticism from progressive immigration activist Greisa Martínez Rosas and Senator Mazie Hirono (D-HI).[40] The White House later stated that it would continue to support legislation that would give all otherwise eligible individuals with social security numbers stimulus checks.[41]

Budget reconciliation passage edit

 
American Rescue Plan Act of 2021 - Infographic

On February 8, a draft of the $1.9 trillion stimulus legislation was released by the Financial Services and Education and Labor committees.[42] On February 11, the House Ways and Means Committee advanced a portion of the $1.9 trillion relief package.[43] The legislation was also approved by several other House committees such as the Transportation and Infrastructure, Small Business, and House Veterans Affairs.[44]

On February 19, the full text of the bill was released. It included an increase in the federal minimum wage, direct checks for Americans making $75,000 or less a year, an extension of $400 federal unemployment benefits and more money for small businesses.[45][46] On February 22, the House Budget Committee voted 19–16 to advance the bill.[47] The following day, House Majority Leader Steny Hoyer announced that the House vote would occur that Friday.[48] On February 26, the House passed the trillion dollar relief package by a vote of 219–212; two Democrats, Kurt Schrader (OR) and Jared Golden (ME) joined all Republicans in opposition.[49][50]

Senate Majority Leader Chuck Schumer said that the Senate would pass the bill before March 14.[51] On March 4, Schumer introduced the Senate version of the bill on the floor, which had a few changes to the House bill. The Senate voted 51–50 to advance the relief bill and allow debates to begin, with Harris casting the tie-breaking vote.[52][53] Ron Johnson objected to Schumer's request to skip the reading of the bill, forcing the Senate clerks to read aloud the entire 628-page Senate bill, delaying the Senate amendment process for up to 15 hours.[53] On March 5, the Senate reconvened and had 3 hours of debate, and thereafter moved to the "vote-a-rama" session, where senators would have the opportunity to introduce, debate, and vote on amendments.[54]

There were multiple amendments brought onto the Senate floor. Bernie Sanders introduced the first amendment to raise the federal minimum wage to $15 per hour. All Republicans and eight Democrats voted against the amendment. After the vote, Sanders stated he was not surprised by the outcome and vowed that progressives would keep fighting on other fronts to raise the minimum wage.[54] Senator Tom Carper introduced an amendment which would extend the unemployment benefits through the end of September but would cut the benefits from $400 to $300. The amendment also did not tax the first $10,200 of unemployment benefits. Senator Joe Manchin, a key vote in the Senate, disagreed with Carper's amendment, stalling the Senate amendment process for hours while his Democratic colleagues and the White House pressured him to support Carper's amendment.[55][56] Manchin had initially signalled he would support a GOP-backed amendment by Portman to cut off the unemployment benefits at July. After hours of negotiations between top Senate Democrats and the White House, Manchin stated he would back a revised version of Carper's amendment which would cut off the unemployment benefits at September 6.[57] The final vote was 50 to 49 on party lines, and the bill was sent back to the House for final passage.

Minimum wage provision edit

President Biden doubted that his desire to increase the federal minimum wage to $15 an hour would be included in the final coronavirus relief package.[58][59] Biden predicted that Senate rules for budget reconciliation would prevent the increase from going forward. While recent polling indicates that support for increasing the minimum wage to $15 an hour ranges from 53 to 60%,[60] Democratic Senators Joe Manchin and Kyrsten Sinema opposed this provision and threatened to derail the bill over this issue.[59]

On February 25, the day before the full House vote, the Senate Parliamentarian Elizabeth MacDonough ruled that the proposal to add the minimum wage provision to the stimulus bill was not compatible with the Senate's budget reconciliation process. Pelosi stated later that day that the House would still approve the bill with the minimum wage raise, although it would have to be amended out in the final Senate bill to comply with the parliamentarian's ruling.[61] Progressive Democrats and liberal groups urged Harris to overrule MacDonough (which she has the constitutional power to do as president of the Senate) or for Senate Democratic leadership to replace her (which the Republicans did once before, firing Robert Dove in 2001 after he made a series of rulings blocking tax cuts from being considered under the 51-vote budget reconciliation process); however, neither course was taken.[62][63][64] On March 5, eight members of the Senate Democratic caucus joined all 50 Republican Senators to reject an amendment raised by Senator Sanders to increase the minimum wage to $15 in the bill.[65]

In a budget analysis released in February 2021, the Congressional Budget Office found that increasing the minimum wage to $15 would lift 900,000 people out of poverty and cumulatively raise the wage of all affected people by $333 billion, but also could increase the cumulative budget deficit, over the next decade, to $54 billion (and add $16 billion in interest costs) and reduce employment by 0.9% (1.4 million jobs) over four years.[66][67]

Republican Senators Mitt Romney and Tom Cotton introduced their own bill, which would raise the minimum wage to $10, phasing in gradually to 2025. The minimum wage would biennially rise with inflation, indexed to the chained consumer price index. Businesses would also be required to use the E-Verify system so to ensure that workers paid the higher wages are legal immigrants and eligible to work. Adult workers would have to provide a photo ID, states would be incentivized to share driver's-license data with the system, and the federal government would make more of an effort to block or suspend misused Social Security numbers.[68]

Other excluded provisions edit

The House-passed bill included $1.5 million to cover operating shortfalls on the New York-Ontario Seaway International Bridge (caused by border closures), and $140 million for the Silicon Valley BART extension. Both provisions were removed from the Senate bill due to Republican opposition.[69][70][71]

Final passage edit

 
House Speaker Nancy Pelosi (left) and Senate Majority Leader Chuck Schumer (right) at a ceremony to celebrate passage of the bill

On March 10, 2021, the House passed the Senate bill on a near party-line (Jared Golden was the only one to vote against) vote of 220–211 (concurring in the Senate amendments), sending the bill to President Biden for his signature.[72] Biden signed the bill the following day, on March 11, 2021.[73] On March 15, 2021, the White House announced that Gene Sperling will oversee the implementation of the bill.[74] Following the signing, Biden and his top messengers kicked off a "Help is Here" tour across the country to promote the legislation, with Harris visiting a COVID-19 vaccination site in Las Vegas and First Lady Jill Biden visiting an elementary school in New Jersey.[75] On March 16, Biden promoted the bill in Chester, Pennsylvania.[76]

 
President Joe Biden signing the bill into law as Vice President Kamala Harris (left) watches

Section 1005 repeal edit

Preliminary injunctions issued in federal district court cases halted section 1005 payments, which related to socially disadvantaged farmers and ranchers.[77] Section 1005 was repealed by the Inflation Reduction Act of 2022.[78]

Key elements edit

A video from the Biden Administration promoting the American Rescue Plan.

The Act allocated $60 billion to counties and $10 billion for a Coronavirus Capital Projects Fund.[79] (The bill initially passed by the House would have instead allocated $65 billion to counties and $65 billion to municipalities; rather, the Senate formula was adopted).[79] Key elements and provisions of the Act include:

Employment edit

  • Extending expanded unemployment benefits with a $300 weekly supplement through Labor Day (September 6, 2021), preventing benefits from expiring on March 31, 2021.[80][3]
    • Most Democrats favored a higher unemployment benefit amount. The version of the bill initially passed by the House provided for a $400 weekly supplement. Also, some favored continuing the benefits through early October of 2021; however, the final bill contained a scaled-back provision at the insistence of Senator Joe Manchin of West Virginia and other moderate Senate Democrats.[80][81][82]
  • The Act made the first $10,200 in unemployment benefits for 2020 non-taxable for households with incomes below $150,000, thus avoiding the risk of many workers incurring surprise federal tax liability.[83]
  • The Act provided for $1,400 direct economic stimulus payments to individuals.[3][81]
    • Under pressure from Manchin, Biden agreed to have the direct payments phase out for high-income taxpayers, including some who received stimulus checks in previous stimulus rounds.[84][83] The stimulus benefit began to phase out for individual taxpayers making $75,000, single parents making $112,500, and couples making $150,000. Taxpayers whose income exceeded certain amounts ($80,000 for individuals, $120,000 for single parents, and $160,000 for households) received no stimulus payments.[80] (House Democrats and Biden had favored less stringent caps; the bill initially passed by the House set income caps at $100,000 for individuals and $200,000 for couples).[82]
  • Unlike in past rounds of stimulus payments, otherwise eligible adult dependents received payments.[83] Such dependents included college students,[83] SSI recipients, and SSDI recipients.[85]
  • The Act granted emergency paid leave to over 100 million Americans.[3]
  • The Act provided a tax credit through October 1, 2021 to employers who chose to offer paid sick leave and paid family leave benefits. However, the Act did not require employers to provide the benefit, as Biden had initially proposed to do.[82]
  • The Act extended a 15% increase in food stamp benefits. The increase, which was passed in previous rounds of stimulus legislation, was set to expire at the end of June 2021; the Act extended it through September 2021).[82]

Tax provisions edit

  • Expands the child tax credit[83] from $2,000 per child, by allowing qualifying families to offset, for the 2021 tax year, $3,000 per child up to age 17 and $3,600 per child under age.[83][82] The bill expanded the credit to families with very low-incomes or no taxable income who did not previously qualify because of the minimum income requirement, while the size of the benefit will gradually diminish for single filers earning more than $75,000 per year, or married couples making more than $150,000 a year.[86] Additionally, this credit is now fully refundable, and half of the benefit can be sent out to eligible households in 2021 in the form of monthly payments of $250-$300 per child. Senator Mitt Romney of Utah introduced a similar bill four days earlier, but did not vote in favor of the bill.[87][88]
  • Expands the child and dependent care credit by making the credit fully refundable and increasing the maximum benefit to $4,000 for one eligible individual and $8,000 for two or more eligible individuals.[86] Additionally, the value of this credit will now be based on 50% of the value of eligible expenses. The income limit for receiving this credit is also increased to $125,000 for households. These changes are also for 2021 only.
  • Expands the earned income tax credit by removing the upper age limit and lowering the lower age limit to 19. The maximum benefit for adults not claiming a qualifying child will also be increased to $1,502. These provisions are for 2021 only. A permanent change was made to raise the limit on investment income from $3,650 to $10,000, furthermore indexed by inflation; and to allow adults with children who do not qualify to claim the credit, to claim it only for themselves.[86]
  • Forgiven student loan debt is made tax-free, should Biden or Congress decide to cancel any debt.[89][90]
  • Reduction of reporting requirement threshold (1099-K) for third party settlement organizations (e.g. PayPal) from over $20,000 and 200 transactions to over $600 and no minimum number of transaction, effective from tax year 2022. This is expected to impact gig workers, independent contractors, casual eBay sellers, among others. This amendment is projected to generate $8.4 billion over the next decade.[91]
  • Three tax increases on large corporations and wealthy individuals, collectively raising $60 billion in revenue.[92] These are:
    • Limits publicly traded companies' ability to deduct executive compensation (for employees more than $1 million) from their corporate taxes (will generate $6 billion in tax revenue).[92]
    • Repeals an obscure provision in the tax code that gave multinational corporations additional discretion in accounting for interest expenses (will generate $22 billion in tax revenue).[92]
    • Extends "loss limitation" restrictions on unincorporated businesses (will generate $31 billion in tax revenue)[92]
  • Grants to small businesses,[3] specifically:
    • $28.6 billion for the Restaurant Revitalization Fund, a new grant program for restaurants and bars to meet payroll and other expenses. Individual businesses will be eligible for $5 million each.[93][82]
    • $15 billion for Emergency Injury Disaster Loans (a long-term, low-interest loan program of the Small Business Administration); priority for some funds would go to "severely impacted small businesses with fewer than 10 workers".[82]
    • An additional $7 billion for the Paycheck Protection Program, and an expansion of the eligibility criteria to some non-profit organizations previously excluded from the program.[82]
    • $3 billion for a payroll support program for aviation manufacturers. The industry itself will be responsible for funding half of the program, and the program will last six months.[93]
    • $1.25 billion in funding for the Shuttered Venue Operators Grant for music halls and other concert venues[93][94]
    • $175 million for a Community Navigator Program to reach out to eligible businesses.[82]
    • Funding for the Recovery Startup provision of the Employee Retention Tax Credit (ERTC), a refundable payroll tax credit. Small businesses that launch a new offering after February 15, 2020, can claim up to $7,000 per employee per quarter in Q3/Q4 2021, capped at $100,000.[95]

State, local, and tribal government aid edit

  • $350 billion to help state, local, and tribal governments bridge budget shortfalls and mitigate the fiscal shock.[81][80][79]
  • A total of $195 billion would be allocated among the states and the District of Columbia, and the tribes and territories would be allocated about $25 billion.[79]

Education edit

  • $122 billion for K-12 schools,[96][81] to safely reopen most schools within 100 days.[3]
  • Almost $40 billion for colleges and universities,[97] including:
    • Over $10 billion to over 1,000 community colleges[98]
    • Over $2.7 billion to Historically Black Colleges and Universities (HBCUs)[98]
    • Over $190 million to Tribally Controlled Colleges and Universities (TCCUs)[98]
    • About $11 billion to Hispanic-serving institutions (HSIs)[98]
    • About $5 billion to Asian American and Native American Pacific Islander-serving institutions (AANAPISIs)[98]
    • Almost $1 billion to Predominantly Black Institutions (PBIs)[98]

Housing edit

  • $21.6 billion for rental assistance programs. This fund will provide money to states and local governments, which will then provide grants to eligible households. These grants can be used to pay for rental assistance as well as utility fees.[99]
  • $10 billion for the Homeowner Assistance Fund. This fund will allocate money to states and local governments, which will then give grants to homeowners to prevent them from defaulting on their mortgage or foreclosing on their home. These grants can also be used to pay for flood insurance premiums, HOA fees, utility bills, and any other necessary payments to prevent the homeowner from losing their home.[99]
  • $5 billion for the Section 8 Housing Choice Voucher Program. These funds must go to those who are or were recently homeless, as well as individuals who are escaping from domestic violence, sexual assault, or human trafficking.[99]
  • $5 billion to support state and local programs for the homeless and at-risk individuals. These funds can be used for rental assistance, housing counseling, and air humidifiers. and homelessness prevention services.[99] Additionally, these grants can be used by state and local governments to buy and convert commercial properties into permanent humidified shelters and/or affordable housing.[100]
  • $4.5 billion for the Low-Income Home Energy Assistance Program, which will assist homeowners with the costs of heating and cooling.[99]
  • $750 million for housing assistance for tribes and Native Hawaiians. These grants can be used by tribal nations or Native Hawaiians to pay rent or stay housed.[100]
  • $500 million in grants for low-income homes to help with water services.[99]
  • $139 million for rural housing assistance programs.[100]
  • $120 million for housing counseling services.[100]

COVID-19 Provisions edit

The bill contains the following COVID-19 funding (including for COVID-19 vaccines, testing, and contact tracing) and other healthcare-related funding:

Transportation edit

  • $30.5 billion in grants to public transit and commuter rail agencies across the country to mitigate major decreases in ridership and fare revenue due to the COVID-19 pandemic. This includes $6 billion to the MTA in the New York area (the U.S.'s largest public transit agency) and $1.4 billion to WMATA, VRE and MARC in the D.C. area.[105]
  • $15 billion for airlines and airline contractors for a third extension of Payroll Support Program (which would otherwise have expired at the end of March 2021). The extension will prevent the furlough of more than 27,000 aviation employees.[105]
  • $8 billion for U.S. airports.[105]
  • $2 billion for Amtrak.[105]
  • $10.4 billion for agriculture and USDA, of which:[106][107]
    • $4 billion (39% of total agricultural expenditures) and $1 billion (9.7% of total agricultural expenditures) goes to debt forgiveness and outreach/support, respectively, for socially disadvantaged farmers.[106] Experts identified the relief bill as the most important legislation for African-American farmers since the Civil Rights Act of 1964, benefiting many who were not fully compensated by the Pigford settlements.[107]
    • $3.6 billion (35% of total agricultural expenditures) for COVID-19 response (e.g., for agricultural and supply chain workers) and for the purchase and distribution of food.[106]
    • $800 million (7.7% of total agricultural expenditures) for Food for Peace.[106]
    • $500 million (4.8% of total agricultural expenditures) for USDA-administered Emergency Rural Development Grants for Rural Healthcare.[102][106]

Cybersecurity edit

Healthcare edit

  • Subsidizes 100% of premiums for COBRA recipients from April 1 to September 30, 2021.[109] Due to these subsidies, at least 2.2 million additional people will enroll in COBRA in 2021.
  • Changes to ACA
    • Removing the welfare cliff by removing the income limit on premium subsidies. Instead, anyone can be eligible for premium subsidies if the cost of their premiums is more than 8.5% of their income. These subsidies will not affect rich households.[109][110]
    • Increasing subsidies that are already available to low-income households. An estimated 2.5 million uninsured people will get covered due to these changes. Additionally, about 3.4 million of the lowest income enrollees will see their premiums fall by 100%.[110]
    • Create a special rule whereby anyone who qualifies for unemployment automatically qualifies for the maximum amount of subsidies.[109]
    • Protect any ACA subsidy recipient from clawbacks due to income fluctuations in 2020.[109]
  • Changes to Medicaid and CHIP
  • Requires coverage of COVID-19 vaccines, vaccine counseling [111] and COVID-19 treatment. Expands state options for COVID-19 testing for the uninsured.[109]
  • Allows states to give 12 months of post-partum coverage for new mothers.[109]
  • Introduce new incentives for states to expand Medicaid coverage.[109]

Impact edit

The bill's economic-relief provisions were overwhelmingly geared toward low-income and middle-class Americans, who received the direct payments, the bill's expansion of low-income tax credits, child-care subsidies, expanded health-insurance access, extension of expanded unemployment benefits, food stamps, and rental assistance programs.[112] The bill contains little direct aid to high income-earners, who largely retained their jobs during the COVID-19 economic shock and bolstered their savings.[112] Biden's administration crafted the plan in part because economic aid to lower-income and middle-income Americans (who are more likely to immediately spend funds on bills, groceries, and housing costs to avoid eviction or foreclosure) is more likely to stimulate the U.S. economy than aid to higher-earners (who are more likely to save the money).[112] The Institute on Taxation and Economic Policy predicted that the stimulus bill's direct payments, child tax credit expansion, and earned income tax credit expansion would boost the income of the poorest one-fifth of Americans by nearly $3,590.[113] The Congressional Budget Office estimated that the bill's increase in health insurance subsidies would lead to 1.3 million previously uninsured Americans gaining health insurance coverage.[114]

The Tax Policy Center wrote that, for households making under $25,000, the bill would cut their taxes by an average of $2,800, which would boost their after-tax income by 20%. Additionally, low-income households with children would see an average tax cut of about $7,700, and this would boost their after-tax income by 35%. Middle-income households will also see an average tax cut of about $3,350, and this would increase their after-tax income by 5.5%. Overall, about 70% of the bill's tax benefits will go to households making under $91,000.[115]

Inflationary impact edit

Commentators in the press[116][117] have said that the American Rescue Plan Act of 2021 has likely contributed[118] to the inflation—felt in the form of higher prices—experienced across the United States in 2022.[117]

A March 2022 study released by the Federal Reserve Bank of San Francisco estimated that U.S. fiscal support measures designed to counteract the severity of the pandemic's economic effect (among them, the American Rescue Plan and the 2020 CARES Act) may have raised core inflation about 3 percentage points by the end of 2021, noting that this estimate falls "in the upper range of findings from other recent research". At the same time, the study notes that these measures may have prevented "outright deflation and slower economic growth, the consequences of which would have been harder to manage".[119][120] The study estimates the effect on inflation from the aggregate of all U.S. fiscal support measures and does not give estimates for the effects of individual measures.

Nobel Prize in economics-winner Paul Krugman stated in an op-ed for the New York Times in July 2022 that he was among many economists that foresaw little risk due to the American Rescue Plan but admitted being wrong about it.[121]

Response edit

Congress edit

The relief package received universal support from Democrats and universal opposition from Republicans, passing on a party-line vote.[122][123] Some House Democratic progressives expressed disappointment with some changes to the relief package made in the Senate (such as the removal of the $15 minimum wage) to win over moderate Democratic support, but continued to support the package.[124]

Republicans in Congress opposed the bill, claiming it to be unaffordable,[72] and claiming the bill only benefitted Democratic-led states. Though the bill provided some funding for Republican-leaning states, 61% of aid would go to states that voted for Biden in November 2020.[125]

Some Democrats argued the bill's provisions were similar to policies Republicans had supported in the Trump administration; Republicans responded by arguing that such measures were no longer necessary, as the economy was no longer in a recession and COVID-19 vaccines were now being administered.[72]

President Biden edit

President Biden discusses the relief package with labor leaders in the Oval Office

President Joe Biden advocated for fast-tracking the stimulus package with optimally bipartisan support. In early February 2021, Biden criticized Republicans for not seeking a bipartisan compromise on a final aid bill, and said the Republicans were wilfully obstructing his proposal.[126] At the time, Biden signaled openness to passing the legislation without any support from congressional Republicans.[127] Biden stated that he could not, "in good conscience," make concessions to Republicans who he said propose to either "do nothing or not enough" as Republicans complain Biden is forsaking his promises on bipartisanship and unity.[126] Furthermore, Biden noted that "[a]ll of a sudden, many of them have rediscovered fiscal restraint and the concern for the deficits" in reference to the Trump administrations increase in the national debt following expansive tax cuts and Covid-19 mitigation spending .[126]

Others edit

Republican mayors such as Jerry Dyer of Fresno, California, Francis Suarez of Miami, David Holt of Oklahoma City, and Betsy Price of Fort Worth, Texas, expressed their support for the plan. Dyer told the Washington Post that "It's not a Republican issue or a Democrat issue. It's a public health issue. It's an economic issue. And it's a public safety issue."[128]

Over 150 CEOs of major companies expressed support for the Biden stimulus plan in a letter and urged Congress to pass it.[129]

A broad range of advocacy and interest groups praised the bill, including local government groups (National Association of Counties and U.S. Conference of Mayors); business associations (National Farmers Union, Airlines for America, National Association of Realtors, National Restaurant Association, Small Business Majority); education organizations (the American Council on Education, American Federation of Teachers, National Education Association, National School Boards Association), organized labor (the AFL–CIO and AFSCME); healthcare organizations (American Academy of Pediatrics, Association of State and Territorial Health Officials, National Nurses United), the American Public Transportation Association, and the civil rights group UnidosUS.[130] Feeding America, the American Hotel & Lodging Association, the Main Street Alliance, the U.S. Travel Association, the American Hospital Association, the Association of American Medical Colleges, and the National Council of Nonprofits praised the bill, but said that additional relief would be necessary.[130] The Business Roundtable, U.S. Chamber of Commerce, and Committee for a Responsible Federal Budget called for a smaller and more targeted package.[130]

Several observers have noted that the stimulus greatly increases the role of the government in fighting poverty in the United States, to an extent not seen since Lyndon Johnson's Great Society in the 1960s; accordingly some have seen it as evidence that the United States is moving towards social democracy and away from the "government is the problem" consensus in place since the 1980s.[131][132]

Dave Yost, the Republican Ohio Attorney General, sued the Biden administration over the provision of the Act that creates a $350 billion fund to help state and local governments pay first responders and other COVID-19-related expenses. The Act provides that a state cannot use federal aid money to offset net revenues lost if a state chooses to implement new state tax cuts. Yost's suit claims that this limitation coerces states and infringes on their "sovereign authority to set state tax policy."[133][134][135]

Clinton Administration Treasury Secretary and Harvard University President Lawrence Summers called the bill "the least responsible macroeconomic policy we've had in the last 40 years," arguing the law would lead to substantial inflation (and possibly a recession, if the Federal Reserve responded by raising interest rates).[136] Later data would show a large surge in inflation.[137] Although the importance of the law in causing this has been disputed, price increases rose to the highest levels in 40 years, as Summers had argued.[138][139]

Public opinion edit

The stimulus plan had broad public support.[140] A February 11 Newsweek/Harris X poll showed that 60% of Republican voters expressed support for the stimulus plan and a poll from Quinnipiac University found that 68% of Americans support it.[141][142] A Morning Consult/Politico poll showed that 76% of voters, including 60% of Republicans and 89% of Democrats, supported the bill.[143] A Monmouth University poll found that 62% of Americans approve of the stimulus package,[140] with 92% of Democrats, 56% of independents, and 33% of Republicans supporting the legislation.[144] CBS News released a poll on March 12, which showed that 75% of Americans approved the stimulus bill, including 77% of independents, 46% of Republicans, and 94% of Democrats.[145] In a poll conducted by Data for Progress and Vox, around 31% of Republican voters believed that their party backs the legislation, with 53% believing that it does not.[146]

See also edit

References edit

  1. ^ "American Rescue Plan: Inside Biden's $1.9 Trillion Stimulus". SmartAsset. January 15, 2021. Retrieved January 16, 2021.[1]
  2. ^ Luhby, Tami; Lobosco, Katie (January 14, 2021). "Here's what's in Biden's $1.9 trillion economic rescue package". CNN. Retrieved January 16, 2021.
  3. ^ a b c d e f g h Tankersley, Jim; Crowley, Michael (January 14, 2021). "Here are the highlights of Biden's $1.9 trillion 'American Rescue Plan.'". The New York Times. ISSN 0362-4331. Retrieved January 16, 2021.
  4. ^ Fox, Lauren; Grayer, Annie (February 22, 2021). "House panel sets up floor vote on Covid relief bill later this week". CNN. Retrieved March 6, 2021.
  5. ^ Segers, Grace (February 27, 2021). "Biden's $1.9 trillion relief bill passes House, but faces Senate hurdle". CBS News. Retrieved February 27, 2021.
  6. ^ Behrmann, Ledyard King, Bart Jansen, Nicholas Wu and Savannah. "Senate passes Biden's COVID relief bill, sending legislation with $1,400 stimulus checks to House". USA TODAY. Retrieved March 6, 2021.{{cite web}}: CS1 maint: multiple names: authors list (link)
  7. ^ Hagen, Lisa. "House Passes Amended Coronavirus Relief Bill, Delivers Biden First Legislative Victory". U.S. News & World Report. Retrieved March 10, 2021.
  8. ^ a b Segers, Grace (March 12, 2021). "Biden signs $1.9 trillion COVID relief bill, American Rescue Plan, into law". www.cbsnews.com.
  9. ^ Rushe, Dominic. "US has officially entered first recession since 2009". The Guardian. Retrieved February 7, 2021.
  10. ^ Ehley, Brianna (February 22, 2021). "U.S. surpasses 500,000 Covid deaths". Politico. Retrieved February 22, 2021.
  11. ^ Dugan, Kelli (March 8, 2021). "Coronavirus: Total US COVID-19 cases top 29 million as death toll swells past 525,000". KIRO-TV.
  12. ^ Yurkevich, Vanessa (January 26, 2021). "Evictions, unemployment and hunger: The American economy Joe Biden inherits". CNN.
  13. ^ Hackney, Suzette (December 17, 2020). "Millions of Americans face eviction amid COVID-19: 'I have no idea what to do.'". USA Today.
  14. ^ Stolberg, Sheryl (January 21, 2021). "Biden Unveils National Strategy That Trump Resisted". New York Times.
  15. ^ Lee, Jessica (January 22, 2021). "Did Biden Inherit 'Nonexistent' COVID-19 Vaccine Distribution Plan?". Snopes.
  16. ^ Gregorian, Dareh (December 29, 2020). "McConnell blocks Senate Democrats' move to pass $2,000 coronavirus checks". NBC News.
  17. ^ "Republicans 'Appalled' By $3 Trillion Heroes Act As Democrats Urge Its Passing". Forbes.
  18. ^ Duffy, Kate (January 5, 2021). "Biden tells Georgia voters that $2,000 stimulus checks will never arrive if Republicans win Senate runoffs". Business Insider.
  19. ^ Wise, Alana (January 6, 2021). . NPR. Archived from the original on March 31, 2021.
  20. ^ Mason, Jeff; Renshaw, Jarrett (January 14, 2021). "Biden unveils plan to pump $1.9 trillion into pandemic-hit economy". Reuters.
  21. ^ Collinson, Stephen (February 2021). "Analysis: Biden faces presidency-defining dilemma over Republican offer on Covid-19 rescue plan". CNN. Retrieved February 1, 2021.
  22. ^ Quinn, Melissa; Turman, Jack (February 2, 2021). "Democrats introduce budget resolution, kicking off fast-track process to pass COVID package". CBS News. Retrieved February 2, 2021.
  23. ^ Carney, Jordain (February 3, 2021). "Schumer vows Democrats 'united' after Biden meeting on coronavirus". The Hill. Retrieved February 4, 2021.
  24. ^ Shahrigian, Shant (February 7, 2021). "Janet Yellen, Pete Buttigieg push $1.9T stimulus package". New York Daily News. Retrieved February 7, 2021.
  25. ^ Crutsinger, Martin (February 7, 2021). "Yellen: Biden's plan could restore full employment by 2022". ABC News. Retrieved February 7, 2021.
  26. ^ Stein, Jeff; Werner, Erica (February 9, 2021). "Jamie Dimon, other CEOs meet with President Biden at White House as relief plan advances". The Washington Post. Retrieved February 10, 2021.
  27. ^ Schroeder, Robert (February 9, 2021). "Biden and Yellen discuss $1.9 trillion COVID relief plan with JPMorgan, Walmart, Gap CEOs". Marketwatch. Retrieved February 10, 2021.
  28. ^ Pramuk, Jacob (February 11, 2021). "Pelosi expects Covid relief will be signed into law before unemployment programs expire". CNBC. Retrieved February 11, 2021.
  29. ^ Mason, Jeff (February 16, 2021). "With Trump's impeachment trial over, Biden pushes his agenda in televised town hall". Reuters. Retrieved February 16, 2021.
  30. ^ Cox, Jeff (February 18, 2021). "Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough". C. Retrieved February 20, 2021. Yellen, Janet: "We think it's very important to have a big package [that] addresses the pain this has caused – 15 million Americans behind on their rent, 24 million adults and 12 million children who don't have enough to eat, small businesses failing."
  31. ^ Wasson, Erik (February 2, 2021). "Senate Democrats Move to Put Biden Stimulus Plan on Fast Track". Bloomberg. Retrieved February 5, 2021.
  32. ^ Zeballos-Roig, Joseph (February 2, 2021). "Senate Democrats take the first step to pass Biden's $1.9 trillion stimulus package on their own as the administration stands by it". Business Insider. Retrieved February 2, 2021.
  33. ^ Elis, Niv (February 3, 2021). "House approves budget resolution for COVID-19 package". The Hill. Retrieved February 4, 2021.
  34. ^ Russonello, Giovanni (March 5, 2021). "What's in a Vote-a-Rama?". The New York Times. Retrieved July 26, 2022.
  35. ^ Fantozzi, Joanna (February 4, 2021). "The Senate overwhelmingly passed restaurant relief budget resolution amendment". nrn.com.
  36. ^ Kapur, Sahil (February 4, 2021). "Democrats take new step to fast-tracking Covid relief as Senate 'vote-a-rama' begins". NBC News. Retrieved February 5, 2021.
  37. ^ "Senate passes key budget bill for COVID-19 relief, with Harris as tiebreaker". Los Angeles Times.
  38. ^ "House passes budget resolution, paving way for Biden's COVID-19 relief plan". The Hill. February 5, 2021.
  39. ^ Wingerter, Justin (February 4, 2021). "Sen. John Hickenlooper frustrates immigration activists with vote to block some from stimulus checks". The Denver Post. Retrieved February 5, 2021.
  40. ^ Everett, Burgett; Levine, Marianne (February 8, 2021). "Dems split as progressives rage over immigration vote". Politico. Hirono, Mazie: There are undocumented people who pay taxes. … They also have children who are Americans. So they should get those checks. I don't agree with them. That's what I make of it.
  41. ^ Carrasquillo, Adrian (February 9, 2021). "White House Confirms Support for Stimulus Checks for Citizens Born to Undocumented Immigrants". Newsweek. Retrieved February 10, 2021.
  42. ^ Davison, Laura; Wasson, Erik (February 8, 2021). "House Democrats Unveil First Draft of Stimulus-Bill Measures". Bloomberg.com. Retrieved February 8, 2021.
  43. ^ Jagoda, Naomi (February 11, 2021). "House panel advances portion of relief package that includes $1,400 checks". The Hill. Retrieved February 11, 2021.
  44. ^ Pramuck, Jacob (February 12, 2021). "House advances $1,400 payments, unemployment boost as part of Covid relief plan". CNBC.
  45. ^ "READ: Full House Democratic Covid relief and $15 minimum wage increase bill". CNN. February 19, 2021. Retrieved February 19, 2021.
  46. ^ Fox, Lauren; Diaz, Daniella (February 19, 2021). "House Democrats unveil full $1.9 trillion Covid relief bill with minimum wage increase". CNN. Retrieved February 19, 2021.
  47. ^ Elis, Niv (February 22, 2021). "House panel advances Biden's $1.9T COVID-19 aid bill". The Hill. Retrieved February 22, 2021.
  48. ^ Williams, Jordan (February 23, 2021). "Hoyer: House will vote on COVID-19 relief bill Friday". The Hill. Retrieved February 24, 2021.
  49. ^ Foran, Clare; Grayer, Annie; Wilson, Kristin; Fox, Lauren (February 26, 2021). "House passes Biden's $1.9 trillion Covid relief package". CNN. Retrieved February 27, 2021.
  50. ^ Washington, U. S. Capitol Room H154; p:225-7000, DC 20515-6601 (February 26, 2021). "Roll Call 47 Roll Call 47, Bill Number: H. Res. 166, 117th Congress, 1st Session". Office of the Clerk, U.S. House of Representatives. Retrieved February 27, 2021.{{cite web}}: CS1 maint: numeric names: authors list (link)
  51. ^ Solender, Andrew (February 19, 2021). "Schumer Predicts Biden Will Sign Stimulus Before March 14 Unemployment Deadline". Forbes. Retrieved February 19, 2021.
  52. ^ "Senate advances COVID relief bill with Kamala Harris as tie-breaking vote". Newsweek. March 4, 2021.
  53. ^ a b Foran, Clare; Barrett, Ted (March 4, 2021). "Senate begins marathon push for Covid relief". CNN. Retrieved March 5, 2021.
  54. ^ a b Macaya, Melissa; Wagner, Meg; Mahtani, Melissa. "The latest on the Covid-19 stimulus bill". CNN. Retrieved March 5, 2021.
  55. ^ Pecorin, Allison; Turner, Trish (March 5, 2021). "Democrats' unemployment insurance plan passes on party line vote". ABC News.
  56. ^ Fram, Alan (March 5, 2021). "Senate Dems strike jobless aid deal, relief bill OK in sight". Associated Press.
  57. ^ Raju, Manu; Foran, Clare; Barrett, Ted; Rogers, Alex (March 6, 2021). "Senate passes Biden's $1.9 trillion Covid relief plan after all-night votes". CNN.
  58. ^ "Biden wants fast COVID aid, but minimum wage hike in doubt". Associated Press. February 5, 2021. Retrieved February 7, 2021.
  59. ^ a b Levine, Marianne (February 5, 2021). "Biden casts doubt on $15 minimum wage hike in Covid relief package". Politico. Retrieved February 7, 2021.
  60. ^ Rakich, Nathaniel (March 5, 2021). "What Americans Think About The Minimum Wage And Their Governors". FiveThirtyEight. Retrieved March 5, 2021.
  61. ^ "Senate Can't Vote On $15 Minimum Wage, Parliamentarian Rules". NPR.org. Retrieved February 26, 2021.
  62. ^ "On $15 minimum wage, will Kamala Harris overrule the Senate parliamentarian?". Newsweek. February 25, 2021.
  63. ^ Sean Sullivan and Cleve R. Wootson Jr. (March 6, 2021). "Harris caught between a restless base and a traditionalist Biden". Washington Post.
  64. ^ Shepherd, Katie (February 26, 2021). "Some Democrats want to fire the Senate parliamentarian who scuttled $15 minimum-wage plans. It's been done once before". Washington Post.
  65. ^ "Senate rejects Sanders proposal for $15 minimum wage in Covid relief package". The Independent. March 5, 2021. from the original on March 5, 2021.
  66. ^ Morath, Eric (February 8, 2021). "$15 Minimum Wage Would Cut Employment, Reduce Poverty, CBO Study Finds". The Wall Street Journal. Retrieved February 8, 2021.
  67. ^ "The Budgetary Effects of the Raise the Wage Act of 2021" (PDF). Congressional Budget Office. February 2021.
  68. ^ Gregorian, Dareh (February 16, 2021). "GOP Sens. Romney, Cotton to propose minimum wage hike coupled with immigration enforcement". NBC News. Retrieved February 17, 2021.
  69. ^ Mallory Moench, Silicon Valley BART extension axed from federal stimulus bill after Republican protests, San Francisco Chronicle (March 3, 2021).
  70. ^ Alex Gault, Seaway International Bridge federal aid scrapped reportedly because Stefanik refused to advocate for funding, NNY360 (March 3, 2021).
  71. ^ Kevin Freking, Projects GOP tied to Pelosi, Schumer dropped from virus bill, Associated Press (March 3, 2021).
  72. ^ a b c Emily Cochrane, Congress Clears $1.9 Trillion Aid Bill, Sending It to Biden, New York Times (March 10, 2021).
  73. ^ "Biden signs $1.9 trillion American Rescue Plan into law". CBS News. March 12, 2021. Retrieved March 12, 2021.
  74. ^ Mattingly, Phil; Diamond, Jeremy; Vazquez, Maegan (March 15, 2021). "Gene Sperling will oversee Covid-19 relief law rollout". CNN. Retrieved March 15, 2021.
  75. ^ "'Help Is Here' roadshow begins to promote a $1.9 trillion pandemic relief package that's already polling well". MarketWatch. March 15, 2021. Retrieved March 15, 2021.
  76. ^ Terruso, Julia (March 16, 2021). "Biden says 'help is on the way' as he kicks off campaign to sell the $1.9 trillion stimulus outside Philly". The Philadelphia Inquirer. Retrieved March 16, 2021.
  77. ^ "Update on American Rescue Plan Act (ARPA) Section 1005 Payments". United States Department of Agriculture. February 28, 2022. Retrieved September 25, 2022.
  78. ^ Inflation Reduction Act, enacted August 16, 2022, § 22008
  79. ^ a b c d Tami Luhby, With Congress poised to give states and local governments $350 billion, pandemic budget hit for many was smaller than predicted, CNN (March 5, 2021).
  80. ^ a b c d e Emily Cochrane, Divided Senate Passes Biden's Pandemic Aid Plan, New York Times (March 6, 2021).
  81. ^ a b c d Tony Romm, Jeff Stein and Erica Werner, Senate passes Biden's $1.9 trillion coronavirus relief bill after voting overnight on amendments, sends measure back to House, Washington Post (March 6, 2021).
  82. ^ a b c d e f g h i Tami Luhby & Katie Lobosco, A guide to what you can expect to get from the $1.9 trillion Senate stimulus, CNN (March 6, 2021).
  83. ^ a b c d e f g h Li Zhou & Emily Stewart, The Senate just passed the $1.9 trillion stimulus package. Here's what in it., Vox (March 6, 2021).
  84. ^ Biden limits eligibility for stimulus payments under pressure from moderate Senate Democrats, Washington Post (March 3, 2021).
  85. ^ More than stimulus checks: All the tax breaks parents and retirees should know, CNET (March 5, 2021).
  86. ^ a b c Lieber, Ron; Bernard, Tara (March 6, 2021). "F.A.Q. on Stimulus, Unemployment and Tax Rebates". The New York Times. Retrieved March 12, 2021.
  87. ^ Higgins, Tucker (February 8, 2020). "Democrats unveil one-year plan to send up to $3,600 per child to households". CNBC. Retrieved February 9, 2021.
  88. ^ "U.S. Senate: U.S. Senate Roll Call Votes 117th Congress - 1st Session".
  89. ^ a b Kery Murakami, $40 Billion for Colleges, InsiderHigherEd (March 8, 2021).
  90. ^ Emily Stewart, What the Covid-19 relief bill does for student loan forgiveness, explained, Vox (March 8, 2021).
  91. ^ "Gig workers could end up losers in Covid relief bill". POLITICO. March 5, 2021. Retrieved March 11, 2021.
  92. ^ a b c d Brian Faler, A $60 billion surprise in the Covid relief bill: Tax hikes, Politico (March 10, 2021).
  93. ^ a b c Tory Newmyer, The business winners in Biden's relief package: Restaurants, concert venues and airplane manufacturers, Washington Post (March 7, 2021).
  94. ^ Taylor Mims, Proposed Rule Change Allows Indie Venues to Apply for Both SBA Grants and PPP Loans, Billboard (March 4, 2021).
  95. ^ "Understanding the Recovery Startup Provision of the Employee Retention Tax Credit". Clarus R+D.
  96. ^ SUPERVILLE, DARLENE (July 19, 2022). "Jill Biden, education chief to kick off summer learning tour". CBS42. Retrieved July 26, 2022.
  97. ^ a b Tami Luhby and Katie Lobosco, Here's what's in the Senate stimulus plan, CNN (March 6, 2021).
  98. ^ a b c d e f "FACT SHEET: Department of Education Announces State-by-State American Rescue Plan Funding for Colleges and Universities". whitehouse.gov. Washington, D.C.: The White House. March 7, 2022. Retrieved July 26, 2022.
  99. ^ a b c d e f "Analysis: Congress Passes $1.9 Trillion COVID-19 Relief Package". Buchanan Ingersoll & Rooney PC. March 10, 2021. Retrieved March 12, 2021.
  100. ^ a b c d Olivia, Ann; Rice, Douglas. "Housing Assistance in American Rescue Plan Act Will Prevent Millions of Evictions, Help People Experiencing Homelessness". Center on Budget and Policy Priorities. Retrieved March 12, 2021.
  101. ^ Shear, Michael (April 7, 2021). "FEMA will offer more financial aid for Covid funeral expenses starting next week". The New York Times. Retrieved April 9, 2021.
  102. ^ a b c d e f g h i j k l m n o p q r s t u U.S. House Passes American Rescue Plan – 15 Provisions for Healthcare Providers, McGuireWoods LLP/JDSupra (March 2, 2021).
  103. ^ Mary Williams Walsh and Alan Rappeport, Rescue Package Includes $86 Billion Bailout for Failing Pensions, New York Times (March 7, 2021).
  104. ^ Dave Jamieson, Democrats' Relief Bill Shores Up A Million People's Pensions. That's A Huge Deal., HuffPo (March 7, 2021).
  105. ^ a b c d Lori Aratani, Airlines, public transit agencies say $1.9 trillion relief plan would prevent deep cuts, job losses, Washington Post (March 8, 2021).
  106. ^ a b c d e What's in the American Rescue Plan Act of 2021 for Agriculture?, Market Intel, Farm Bureau.
  107. ^ a b Relief bill is most significant legislation for Black farmers since Civil Rights Act, experts say, Washington Post (March 8, 2021).
  108. ^ a b c d Miller, Maggie (March 4, 2021). "Senate includes nearly $2 billion in cyber, tech funds to COVID-19 bill". Retrieved March 10, 2021.
  109. ^ a b c d e f g Keith, Katie (2021). "Final Coverage Provisions In The American Rescue Plan And What Comes Next". doi:10.1377/forefront.20210311.725837.
  110. ^ a b McDermott, Daniel; Cox, Cynthia; Amin, Krutika. "Impact of Key Provisions of the House COVID-19 Relief Proposal on Marketplace Premiums". Retrieved March 13, 2021.
  111. ^ Suran, Melissa (January 25, 2022). "Coverage of COVID-19 Vaccine Counseling for Children and Youths". JAMA. 327 (4): 313. doi:10.1001/jama.2021.25080. ISSN 0098-7484. PMID 35076682. S2CID 246278716.
  112. ^ a b c Jim Tankersley, To Juice the Economy, Biden Bets on the Poor, New York Times (March 6, 2021).
  113. ^ Picchi, Aimee (February 12, 2021). "Stimulus bill would boost incomes of poorest Americans by nearly $4,000". CBS News. Retrieved February 14, 2021.
  114. ^ Paige Winfield Cunningham, The Health 202: Buried in Biden's stimulus plan is a 29 percent spending hike in Obamacare subsidies, Washington Post (March 3, 2021).
  115. ^ Gleckman, Howard (March 8, 2021). "Pandemic Bill Would Cut Taxes by An Average of $3,000, With Most Relief Going to Low- And Middle-Income Households". Tax Policy Center. Retrieved March 8, 2021.
  116. ^ Guilford, Gwynn; DeBarros, Anthony (July 11, 2021). "Higher Inflation Is Here to Stay for Years, Economists Forecast". Wall Street Journal. The Wall Street Journal. Retrieved March 17, 2022.
  117. ^ a b Siegel, Jeremy (May 14, 2021). "Inflation could be 20% in the next three years: Wharton's Jeremy Siegel". www.cnbc.com. CNBC. Retrieved March 17, 2022.
  118. ^ Boehm, Eric (March 15, 2022). "Biden's Dishonest Attempt To Pin Inflation on Putin". reason.com. Reason. Retrieved March 17, 2022.
  119. ^ "San Francisco Fed Paper Ties Some of the Inflation Surge to Fiscal Aid". Wall Street Journal. March 29, 2022. ISSN 0099-9660. Retrieved April 25, 2022.
  120. ^ Jordà, Òscar (March 28, 2022). "Why Is U.S. Inflation Higher than in Other Countries?" (PDF). FRBSF Economic Letter.
  121. ^ Krugman, Paul (July 21, 2022). "Opinion | I Was Wrong About Inflation". The New York Times. ISSN 0362-4331. Retrieved October 31, 2022.
  122. ^ Hulse, Carl (March 6, 2021). "After Stimulus Victory in Senate, Reality Sinks in: Bipartisanship Is Dead". New York Times.
  123. ^ Stein, Jeff (March 7, 2021). "'We need the government': Biden's $1.9 trillion relief plan reflects seismic shifts in U.S. politics". Washington Post.
  124. ^ Elbeshbishi, Sarah (March 6, 2021). "Some House progressives aren't happy with Senate version of COVID relief package. Here's what changed". USA Today.
  125. ^ Lange, Andy Sullivan (February 24, 2021). "Analysis: Urban states come out ahead, rural states get less in Biden's COVID-19 relief bill". Reuters.
  126. ^ a b c "Remarks by President Biden on the State of the Economy and the Need for the American Rescue Plan". The White House. February 5, 2021. Retrieved February 10, 2021.
  127. ^ Chalfant, Morgan; Samuels, Brett (February 5, 2021). "Biden signals he'll move forward on COVID-19 relief without GOP". The Hill.
  128. ^ Villarreal, Daniel (February 15, 2021). "'Way Overdue': Biden's $1.9 Tn Stimulus Plan Wins Support Among GOP Leaders Outside D.C." Newsweek. Retrieved February 21, 2021.
  129. ^ DeNisco Rayome, Alison (February 24, 2021). "CEOs from Google, Zoom and over 150 companies urge Congress to pass Biden stimulus plan". CNET. Retrieved February 24, 2021.
  130. ^ a b c Alicia Parlapiano, What 27 Special Interest Groups Said About the Stimulus Bill, New York Times (March 7, 2021).
  131. ^ Politi, James; Fedor, Lauren; Rogers, Taylor Nicole (March 12, 2021). "Joe Biden and the new era of big government". Financial Times.
  132. ^ "Congress Ends Welfare Reform as We Know It". Politico. March 10, 2021.
  133. ^ Romm, Tony (March 17, 2021). "Ohio attorney general sues Biden administration over $1.9 trillion stimulus". Washington Post.
  134. ^ Kovac, Marc (March 18, 2021). "Ohio Attorney General Dave Yost sues feds over restrictions on coronavirus relief aid". Columbus Dispatch.
  135. ^ Yost, Dave (March 24, 2021). "The Biden Administration Is Coercing the States. Ohio Is Fighting Back". National Review. Retrieved March 24, 2021.
  136. ^ "Larry Summers blasts $1.9 T stimulus as 'least responsible' economic policy in 40 years". March 20, 2021.
  137. ^ "Former Treasury secretary breaks down rising inflation". CNN. July 17, 2021.
  138. ^ "Now Biden's given America the worst inflation in 40 years". January 13, 2022.
  139. ^ "Larry Summers was right on inflation. Let's hope his recession forecast is wrong. - the Boston Globe". The Boston Globe.
  140. ^ a b Lauren Gambino & Martin Pengelly, Biden hails 'giant step' as Senate passes $1.9tn coronavirus relief bill, The Guardian (March 6, 2021).
  141. ^ Hansen, Sarah (February 3, 2021). "68% Of Americans Approve Of Biden's $1.9 Trillion Stimulus Plan, Poll Finds". Forbes. Retrieved February 21, 2021.
  142. ^ Lemon, Jason (February 11, 2021). "Majority of Republicans Back Dems Passing COVID Stimulus Without GOP Lawmakers' Support: Poll". Newsweek. Retrieved February 21, 2021.
  143. ^ Williams, Claire (February 24, 2021). "With Congressional Stimulus Fight Looming, 76% of Voters Back $1.9 Trillion Plan, Including 60% of Republicans". Morning Consult. Retrieved February 24, 2021.
  144. ^ Public Wants Stimulus Checks More Than GOP Support for Plan, Monmouth University Polling Institute (March 3, 2021).
  145. ^ Pinto, Jennifer; Salvanto, Anthony; Khanna, Kabir; Backus, Fred (March 12, 2021). "COVID relief legislation popular with Americans — CBS News poll". CBS News. Retrieved March 14, 2021.
  146. ^ Zhou, Li (March 22, 2021). "Poll: 31 percent of Republicans think their party backs the American Rescue Plan". Vox. Retrieved March 22, 2021.

External links edit

  • American Rescue Plan Act of 2021 as amended (PDF/details) in the GPO Statute Compilations collection
  • American Rescue Plan Act of 2021 as enacted (PDF/details) in the US Statutes at Large
  • H.R. 1319 bill information on Congress.gov
  •   US President Biden signs US$1.9 trillion COVID-19 relief package at Wikinews
  •   Works related to Remarks by President Biden on the American Rescue Plan and Signing of Executive Orders at Wikisource
  •   Works related to The Economics of the American Rescue Plan at Wikisource
  •   Works related to American Rescue Plan Fact Sheet at Wikisource

american, rescue, plan, 2021, also, called, covid, stimulus, package, american, rescue, plan, trillion, economic, stimulus, bill, passed, 117th, united, states, congress, signed, into, president, biden, march, 2021, speed, country, recovery, from, economic, he. The American Rescue Plan Act of 2021 also called the COVID 19 Stimulus Package or American Rescue Plan is a US 1 9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11 2021 to speed up the country s recovery from the economic and health effects of the COVID 19 pandemic and recession 1 First proposed on January 14 2021 the package builds upon many of the measures in the CARES Act from March 2020 and in the Consolidated Appropriations Act 2021 from December 2 3 American Rescue Plan Act of 2021Long titleTo provide for reconciliation pursuant to title II of S Con Res 5 Acronyms colloquial ARP ARPANicknamesCOVID 19 Stimulus Package American Rescue PlanEnacted bythe 117th United States CongressEffectiveMarch 11 2021CitationsPublic lawPub L Tooltip Public Law United States 117 2 text PDF Statutes at Large135 Stat 4Legislative historyIntroduced in the House as H R 1319 by John Yarmuth D KY on February 24 2021Committee consideration by House BudgetPassed the House on February 27 2021 219 212 Passed the Senate on March 6 2021 50 49 with amendmentHouse agreed to Senate amendment on March 10 2021 220 211 Signed into law by President Joe Biden on March 11 2021On February 8 2021 the Financial Services and Education and Labor committees released a draft of 1 9 trillion stimulus legislation A portion of the relief package was approved by the House Ways and Means on February 11 setting it up for a vote in the House The legislation was also approved by the Transportation and Infrastructure Small Business and House Veterans Affairs committees On February 22 the House Budget Committee voted 19 16 to advance the bill to the House for a floor vote 4 The bill passed the House by a vote of 219 212 on February 27 All but two Democrats voted for the bill and all Republicans voted against the bill 5 A modified version passed the Senate on March 6 by a vote of 50 49 6 The final amended bill was passed by the House on March 10 by a vote of 220 211 with one Democrat voting against it with all Republicans 7 The bill was signed into law by President Biden on March 11 2021 8 The American Rescue Plan Act provided for direct economic stimulus payments to individual taxpayers with incomes of 75 000 or less The Act also allocated 350 billion in assistance to state and local governments 14 billion for COVID 19 vaccine distribution and 130 billion to schools to help them safely re open for in person instruction The Act included 300 billion in unemployment benefits that were scheduled to extend through Labor Day 2021 as well as an expanded child tax credit In addition the Act called for the distribution of 50 billion to small businesses and another 25 billion for relief for small and mid sized restaurants The Act expanded eligibility for Affordable Care Act ACA subsidies and gave states incentives to expand Medicaid 8 Contents 1 Background 1 1 Impact of the COVID 19 pandemic 1 2 Previous COVID 19 pandemic legislation 2 Legislative history 2 1 Negotiations 2 2 Budget resolution passage 2 3 Budget reconciliation passage 2 3 1 Minimum wage provision 2 3 2 Other excluded provisions 2 4 Final passage 2 5 Section 1005 repeal 3 Key elements 3 1 Employment 3 2 Tax provisions 3 3 State local and tribal government aid 3 4 Education 3 5 Housing 3 6 COVID 19 Provisions 3 7 Transportation 3 8 Cybersecurity 3 9 Healthcare 4 Impact 4 1 Inflationary impact 5 Response 5 1 Congress 5 2 President Biden 5 3 Others 5 4 Public opinion 6 See also 7 References 8 External linksBackground editImpact of the COVID 19 pandemic edit Further information Economic impact of the COVID 19 pandemic in the United States and COVID 19 pandemic in the United StatesBy mid 2020 the United States was facing what the National Bureau of Economic Research determined was an economic recession 9 and by February 2021 500 000 Americans had died of COVID 19 10 Over 29 million Americans had tested positive for COVID 19 by March 11 The United States also faced eviction unemployment and hunger crises since the start of the pandemic 12 Over 30 to 40 million Americans faced a risk of being evicted from their homes by January 2021 13 Then president Donald Trump also faced criticism for not having a federal strategy to combat the pandemic such as nationwide mask mandates on transportation a mass testing strategy health guidelines providing medical grade protective gear and having an effective vaccine distribution strategy On January 20 the day after Joe Biden was inaugurated he warned that the death toll could exceed 500 000 14 According to Snopes Biden inherited a vaccine distribution strategy from Trump and disease expert Anthony Fauci said that his administration would incorporate some aspects of that Trump era strategy in its ongoing work 15 Previous COVID 19 pandemic legislation edit Further information U S federal government response to the COVID 19 pandemic and List of COVID 19 pandemic legislationPrior to the passing of the American Rescue Plan the CARES Act and Consolidated Appropriations Act 2021 were signed into law by then president Donald Trump in March and December 2020 respectively Trump previously expressed support for direct payments of 2 000 along with Joe Biden and many Democrats Even though Trump called for Congress to pass a bill increasing direct payments from 600 to 2 000 then Senate Majority Leader Mitch McConnell blocked the effort 16 Additionally the House voted on the HEROES Act in May 2020 which would operate as a 3 trillion relief package Despite approval in the lower chambers the Republican led Senate would not consider such a bill citing it to be dead on arrival 17 Prior to the Georgia Senate runoffs Biden said that the direct payments of 2 000 would be passed only if Democratic candidates Jon Ossoff and Raphael Warnock won 18 the promise of comprehensive COVID 19 relief legislation was reported as a factor in their eventual victories 19 On January 14 prior to being inaugurated as president Biden announced the 1 9 trillion stimulus package 20 Legislative history editNegotiations edit nbsp Letter from Senate GOP to President Biden detailing concerns of the American Rescue PlanTen Republican senators announced plans to unveil a roughly 600 billion COVID 19 relief package as a counterproposal to President Joe Biden s 1 9 trillion plan meant to force negotiations The senators including Susan Collins of Maine Lisa Murkowski of Alaska Mitt Romney of Utah and Rob Portman of Ohio told Biden in a letter that they devised the plan in the spirit of bipartisanship and unity that the President has urged and said they planned to release a full proposal on February 1 21 On the same day House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer introduced a budget resolution co sponsored by Bernie Sanders as a step to pass the legislation without support from the Republican Party 22 The next day Biden met with Majority Leader Schumer and other Democrats regarding the relief package 23 On February 7 Transportation Secretary Pete Buttigieg and Treasury Secretary Janet Yellen expressed support for the stimulus package Yellen said that the funding would help millions of Americans and rejected concerns the colossal spending could cause inflation 24 Yellen also said that the stimulus package would restore full employment by 2022 25 On February 9 Biden met with JPMorgan Chase CEO Jamie Dimon and other CEOs to discuss the stimulus plan with Yellen and Harris taking part in the meeting 26 27 On February 11 Pelosi said that she expects lawmakers to complete the legislation by the end of February and for the legislation to be signed into law by March 14 28 On February 16 Biden promoted his stimulus plan in a visit in Milwaukee Wisconsin during his first official trip as president He promoted it via a CNN townhall meeting with voters 29 On February 18 Yellen called for major stimulus checks during an interview on CNBC and said that stimulus checks would help the economy stage a full recovery 30 Budget resolution passage edit The United States Senate voted 50 49 to open debate on the resolution which would allow Democrats to pass the relief package without support from Republicans through the process of reconciliation 31 32 The House voted 218 212 to approve the budget resolution 33 On February 4 a vote a rama 34 session began and the Senate introduced amendments to the relief package including an amendment in a 90 10 vote that would provide direct relief to the restaurant industry 35 36 Vice President Kamala Harris cast a tie breaking vote as President of the Senate for final Senate passage of the reconciliation bill sending it to the House approval of the changes and allowing drafting of the relief bill to begin in the committees 37 The House approved the resolution 219 209 with Jared Golden being the sole Democrat to join all Republicans in opposition to the bill due to a preference for a separate vaccine bill instead of the longer reconciliation process 38 One of the many non binding budget amendments in the vote a rama session was meant to prohibit people who are in the country illegally from receiving pandemic relief checks The non binding amendments were not likely to have any effect on the final relief bill The Republican Party used hundreds of non binding votes in the hours long vote a rama session to send messages Under current law undocumented immigrants were already prohibited from receiving pandemic relief checks The amendment passed with eight Democrats joining all Republicans 39 The amendment received criticism from progressive immigration activist Greisa Martinez Rosas and Senator Mazie Hirono D HI 40 The White House later stated that it would continue to support legislation that would give all otherwise eligible individuals with social security numbers stimulus checks 41 Budget reconciliation passage edit nbsp American Rescue Plan Act of 2021 InfographicOn February 8 a draft of the 1 9 trillion stimulus legislation was released by the Financial Services and Education and Labor committees 42 On February 11 the House Ways and Means Committee advanced a portion of the 1 9 trillion relief package 43 The legislation was also approved by several other House committees such as the Transportation and Infrastructure Small Business and House Veterans Affairs 44 On February 19 the full text of the bill was released It included an increase in the federal minimum wage direct checks for Americans making 75 000 or less a year an extension of 400 federal unemployment benefits and more money for small businesses 45 46 On February 22 the House Budget Committee voted 19 16 to advance the bill 47 The following day House Majority Leader Steny Hoyer announced that the House vote would occur that Friday 48 On February 26 the House passed the trillion dollar relief package by a vote of 219 212 two Democrats Kurt Schrader OR and Jared Golden ME joined all Republicans in opposition 49 50 Senate Majority Leader Chuck Schumer said that the Senate would pass the bill before March 14 51 On March 4 Schumer introduced the Senate version of the bill on the floor which had a few changes to the House bill The Senate voted 51 50 to advance the relief bill and allow debates to begin with Harris casting the tie breaking vote 52 53 Ron Johnson objected to Schumer s request to skip the reading of the bill forcing the Senate clerks to read aloud the entire 628 page Senate bill delaying the Senate amendment process for up to 15 hours 53 On March 5 the Senate reconvened and had 3 hours of debate and thereafter moved to the vote a rama session where senators would have the opportunity to introduce debate and vote on amendments 54 There were multiple amendments brought onto the Senate floor Bernie Sanders introduced the first amendment to raise the federal minimum wage to 15 per hour All Republicans and eight Democrats voted against the amendment After the vote Sanders stated he was not surprised by the outcome and vowed that progressives would keep fighting on other fronts to raise the minimum wage 54 Senator Tom Carper introduced an amendment which would extend the unemployment benefits through the end of September but would cut the benefits from 400 to 300 The amendment also did not tax the first 10 200 of unemployment benefits Senator Joe Manchin a key vote in the Senate disagreed with Carper s amendment stalling the Senate amendment process for hours while his Democratic colleagues and the White House pressured him to support Carper s amendment 55 56 Manchin had initially signalled he would support a GOP backed amendment by Portman to cut off the unemployment benefits at July After hours of negotiations between top Senate Democrats and the White House Manchin stated he would back a revised version of Carper s amendment which would cut off the unemployment benefits at September 6 57 The final vote was 50 to 49 on party lines and the bill was sent back to the House for final passage Minimum wage provision edit See also Minimum wage in the United States President Biden doubted that his desire to increase the federal minimum wage to 15 an hour would be included in the final coronavirus relief package 58 59 Biden predicted that Senate rules for budget reconciliation would prevent the increase from going forward While recent polling indicates that support for increasing the minimum wage to 15 an hour ranges from 53 to 60 60 Democratic Senators Joe Manchin and Kyrsten Sinema opposed this provision and threatened to derail the bill over this issue 59 On February 25 the day before the full House vote the Senate Parliamentarian Elizabeth MacDonough ruled that the proposal to add the minimum wage provision to the stimulus bill was not compatible with the Senate s budget reconciliation process Pelosi stated later that day that the House would still approve the bill with the minimum wage raise although it would have to be amended out in the final Senate bill to comply with the parliamentarian s ruling 61 Progressive Democrats and liberal groups urged Harris to overrule MacDonough which she has the constitutional power to do as president of the Senate or for Senate Democratic leadership to replace her which the Republicans did once before firing Robert Dove in 2001 after he made a series of rulings blocking tax cuts from being considered under the 51 vote budget reconciliation process however neither course was taken 62 63 64 On March 5 eight members of the Senate Democratic caucus joined all 50 Republican Senators to reject an amendment raised by Senator Sanders to increase the minimum wage to 15 in the bill 65 In a budget analysis released in February 2021 the Congressional Budget Office found that increasing the minimum wage to 15 would lift 900 000 people out of poverty and cumulatively raise the wage of all affected people by 333 billion but also could increase the cumulative budget deficit over the next decade to 54 billion and add 16 billion in interest costs and reduce employment by 0 9 1 4 million jobs over four years 66 67 Republican Senators Mitt Romney and Tom Cotton introduced their own bill which would raise the minimum wage to 10 phasing in gradually to 2025 The minimum wage would biennially rise with inflation indexed to the chained consumer price index Businesses would also be required to use the E Verify system so to ensure that workers paid the higher wages are legal immigrants and eligible to work Adult workers would have to provide a photo ID states would be incentivized to share driver s license data with the system and the federal government would make more of an effort to block or suspend misused Social Security numbers 68 Other excluded provisions edit The House passed bill included 1 5 million to cover operating shortfalls on the New York Ontario Seaway International Bridge caused by border closures and 140 million for the Silicon Valley BART extension Both provisions were removed from the Senate bill due to Republican opposition 69 70 71 Final passage edit nbsp House Speaker Nancy Pelosi left and Senate Majority Leader Chuck Schumer right at a ceremony to celebrate passage of the billOn March 10 2021 the House passed the Senate bill on a near party line Jared Golden was the only one to vote against vote of 220 211 concurring in the Senate amendments sending the bill to President Biden for his signature 72 Biden signed the bill the following day on March 11 2021 73 On March 15 2021 the White House announced that Gene Sperling will oversee the implementation of the bill 74 Following the signing Biden and his top messengers kicked off a Help is Here tour across the country to promote the legislation with Harris visiting a COVID 19 vaccination site in Las Vegas and First Lady Jill Biden visiting an elementary school in New Jersey 75 On March 16 Biden promoted the bill in Chester Pennsylvania 76 nbsp President Joe Biden signing the bill into law as Vice President Kamala Harris left watchesSection 1005 repeal edit Preliminary injunctions issued in federal district court cases halted section 1005 payments which related to socially disadvantaged farmers and ranchers 77 Section 1005 was repealed by the Inflation Reduction Act of 2022 78 Key elements edit source source source A video from the Biden Administration promoting the American Rescue Plan The Act allocated 60 billion to counties and 10 billion for a Coronavirus Capital Projects Fund 79 The bill initially passed by the House would have instead allocated 65 billion to counties and 65 billion to municipalities rather the Senate formula was adopted 79 Key elements and provisions of the Act include Employment edit Extending expanded unemployment benefits with a 300 weekly supplement through Labor Day September 6 2021 preventing benefits from expiring on March 31 2021 80 3 Most Democrats favored a higher unemployment benefit amount The version of the bill initially passed by the House provided for a 400 weekly supplement Also some favored continuing the benefits through early October of 2021 however the final bill contained a scaled back provision at the insistence of Senator Joe Manchin of West Virginia and other moderate Senate Democrats 80 81 82 The Act made the first 10 200 in unemployment benefits for 2020 non taxable for households with incomes below 150 000 thus avoiding the risk of many workers incurring surprise federal tax liability 83 The Act provided for 1 400 direct economic stimulus payments to individuals 3 81 Under pressure from Manchin Biden agreed to have the direct payments phase out for high income taxpayers including some who received stimulus checks in previous stimulus rounds 84 83 The stimulus benefit began to phase out for individual taxpayers making 75 000 single parents making 112 500 and couples making 150 000 Taxpayers whose income exceeded certain amounts 80 000 for individuals 120 000 for single parents and 160 000 for households received no stimulus payments 80 House Democrats and Biden had favored less stringent caps the bill initially passed by the House set income caps at 100 000 for individuals and 200 000 for couples 82 Unlike in past rounds of stimulus payments otherwise eligible adult dependents received payments 83 Such dependents included college students 83 SSI recipients and SSDI recipients 85 The Act granted emergency paid leave to over 100 million Americans 3 The Act provided a tax credit through October 1 2021 to employers who chose to offer paid sick leave and paid family leave benefits However the Act did not require employers to provide the benefit as Biden had initially proposed to do 82 The Act extended a 15 increase in food stamp benefits The increase which was passed in previous rounds of stimulus legislation was set to expire at the end of June 2021 the Act extended it through September 2021 82 Tax provisions edit Expands the child tax credit 83 from 2 000 per child by allowing qualifying families to offset for the 2021 tax year 3 000 per child up to age 17 and 3 600 per child under age 83 82 The bill expanded the credit to families with very low incomes or no taxable income who did not previously qualify because of the minimum income requirement while the size of the benefit will gradually diminish for single filers earning more than 75 000 per year or married couples making more than 150 000 a year 86 Additionally this credit is now fully refundable and half of the benefit can be sent out to eligible households in 2021 in the form of monthly payments of 250 300 per child Senator Mitt Romney of Utah introduced a similar bill four days earlier but did not vote in favor of the bill 87 88 Expands the child and dependent care credit by making the credit fully refundable and increasing the maximum benefit to 4 000 for one eligible individual and 8 000 for two or more eligible individuals 86 Additionally the value of this credit will now be based on 50 of the value of eligible expenses The income limit for receiving this credit is also increased to 125 000 for households These changes are also for 2021 only Expands the earned income tax credit by removing the upper age limit and lowering the lower age limit to 19 The maximum benefit for adults not claiming a qualifying child will also be increased to 1 502 These provisions are for 2021 only A permanent change was made to raise the limit on investment income from 3 650 to 10 000 furthermore indexed by inflation and to allow adults with children who do not qualify to claim the credit to claim it only for themselves 86 Forgiven student loan debt is made tax free should Biden or Congress decide to cancel any debt 89 90 Reduction of reporting requirement threshold 1099 K for third party settlement organizations e g PayPal from over 20 000 and 200 transactions to over 600 and no minimum number of transaction effective from tax year 2022 This is expected to impact gig workers independent contractors casual eBay sellers among others This amendment is projected to generate 8 4 billion over the next decade 91 Three tax increases on large corporations and wealthy individuals collectively raising 60 billion in revenue 92 These are Limits publicly traded companies ability to deduct executive compensation for employees more than 1 million from their corporate taxes will generate 6 billion in tax revenue 92 Repeals an obscure provision in the tax code that gave multinational corporations additional discretion in accounting for interest expenses will generate 22 billion in tax revenue 92 Extends loss limitation restrictions on unincorporated businesses will generate 31 billion in tax revenue 92 Grants to small businesses 3 specifically 28 6 billion for the Restaurant Revitalization Fund a new grant program for restaurants and bars to meet payroll and other expenses Individual businesses will be eligible for 5 million each 93 82 15 billion for Emergency Injury Disaster Loans a long term low interest loan program of the Small Business Administration priority for some funds would go to severely impacted small businesses with fewer than 10 workers 82 An additional 7 billion for the Paycheck Protection Program and an expansion of the eligibility criteria to some non profit organizations previously excluded from the program 82 3 billion for a payroll support program for aviation manufacturers The industry itself will be responsible for funding half of the program and the program will last six months 93 1 25 billion in funding for the Shuttered Venue Operators Grant for music halls and other concert venues 93 94 175 million for a Community Navigator Program to reach out to eligible businesses 82 Funding for the Recovery Startup provision of the Employee Retention Tax Credit ERTC a refundable payroll tax credit Small businesses that launch a new offering after February 15 2020 can claim up to 7 000 per employee per quarter in Q3 Q4 2021 capped at 100 000 95 State local and tribal government aid edit 350 billion to help state local and tribal governments bridge budget shortfalls and mitigate the fiscal shock 81 80 79 A total of 195 billion would be allocated among the states and the District of Columbia and the tribes and territories would be allocated about 25 billion 79 Education edit 122 billion for K 12 schools 96 81 to safely reopen most schools within 100 days 3 T K 12 school funds may be used to improve ventilation in school buildings reduce class sizes to make social distancing possible purchase personal protective equipment and hire support staff 83 97 At least half of the money to colleges and universities must go to emergency grants to students 89 20 of school funding must be directed to programs to help counteract learning loss for students who missed school during the pandemic 83 Almost 40 billion for colleges and universities 97 including Over 10 billion to over 1 000 community colleges 98 Over 2 7 billion to Historically Black Colleges and Universities HBCUs 98 Over 190 million to Tribally Controlled Colleges and Universities TCCUs 98 About 11 billion to Hispanic serving institutions HSIs 98 About 5 billion to Asian American and Native American Pacific Islander serving institutions AANAPISIs 98 Almost 1 billion to Predominantly Black Institutions PBIs 98 Housing edit 21 6 billion for rental assistance programs This fund will provide money to states and local governments which will then provide grants to eligible households These grants can be used to pay for rental assistance as well as utility fees 99 10 billion for the Homeowner Assistance Fund This fund will allocate money to states and local governments which will then give grants to homeowners to prevent them from defaulting on their mortgage or foreclosing on their home These grants can also be used to pay for flood insurance premiums HOA fees utility bills and any other necessary payments to prevent the homeowner from losing their home 99 5 billion for the Section 8 Housing Choice Voucher Program These funds must go to those who are or were recently homeless as well as individuals who are escaping from domestic violence sexual assault or human trafficking 99 5 billion to support state and local programs for the homeless and at risk individuals These funds can be used for rental assistance housing counseling and air humidifiers and homelessness prevention services 99 Additionally these grants can be used by state and local governments to buy and convert commercial properties into permanent humidified shelters and or affordable housing 100 4 5 billion for the Low Income Home Energy Assistance Program which will assist homeowners with the costs of heating and cooling 99 750 million for housing assistance for tribes and Native Hawaiians These grants can be used by tribal nations or Native Hawaiians to pay rent or stay housed 100 500 million in grants for low income homes to help with water services 99 139 million for rural housing assistance programs 100 120 million for housing counseling services 100 COVID 19 Provisions edit The bill contains the following COVID 19 funding including for COVID 19 vaccines testing and contact tracing and other healthcare related funding 50 billion to the Federal Emergency Management Agency for vaccine distribution and assistance 80 Additionally FEMA will reimburse up to 9 000 for a funeral held for a COVID 19 victim 101 47 8 billion on COVID 19 testing mitigation and transmission prevention including diagnosis tracing and monitoring 102 13 48 billion for Department of Veterans Affairs healthcare programs through September 30 2023 102 10 billion under the Defense Production Act for personal protective equipment and other medical gear and for response to pathogens that could become future public health emergencies 102 7 66 billion for workforce programs for state local and territorial public health departments and certain nonprofits including funds to hire and train case investigators contact tracers social support specialists community health workers public health nurses disease intervention specialists epidemiologists program managers laboratory personnel informaticians communication and policy experts and any other positions as may be required to prevent prepare for and respond to COVID 19 102 7 6 billion to community health centers and Federally Qualified Health Centers to combat COVID 19 including promotion distribution and administration of the COVID 19 vaccine COVID 19 tracing and mitigation COVID 19 related equipment and COVID 19 outreach and education 102 7 5 billion to the Centers for Disease Control and Prevention CDC for COVID 19 vaccine distribution administration and tracking 102 including preparation of community vaccination centers and mobile vaccine units and acceleration of vaccine deployment 3 102 The bill funds 100 000 public health workers for vaccination outreach and contact tracing 3 6 05 billion for expenses related to research development manufacturing production and purchase of vaccines 102 5 4 billion to the Indian Health Services 102 3 5 billion in block grants to states evenly split between the Community Mental Health Services Block Grant program and the Substance Abuse Prevention Treatment Block Grant program 102 1 75 billion for genomic sequencing analytics and disease surveillance 102 1 billion to the U S Department of Health and Human Services for vaccine confidence programs to increase vaccination rates 102 Approximately 750 million on global health security to fight COVID 19 and other emerging infectious diseases 102 500 million to the Food and Drug Administration to evaluate vaccine performance and facilitate vaccine oversight and manufacturing 102 330 million for teaching health centers with graduate medical education programs 102 500 million to the CDC for public health surveillance and analytics including a modernization of the U S disease warning system to predict COVID 19 hot spots and emerging public health threats 102 200 million for nursing loan repayment programs 102 100 million for the Medical Reserve Corps 102 100 million for a Behavioral Health Workforce Education and Training Program 102 80 million for mental and behavioral health training 102 86 billion for a rescue package bailout for approximately 185 multiemployer pension funds usually pension plans set up by a union and industry that are close to insolvency The pension funds collectively cover 10 7 million workers 103 104 Transportation edit 30 5 billion in grants to public transit and commuter rail agencies across the country to mitigate major decreases in ridership and fare revenue due to the COVID 19 pandemic This includes 6 billion to the MTA in the New York area the U S s largest public transit agency and 1 4 billion to WMATA VRE and MARC in the D C area 105 15 billion for airlines and airline contractors for a third extension of Payroll Support Program which would otherwise have expired at the end of March 2021 The extension will prevent the furlough of more than 27 000 aviation employees 105 8 billion for U S airports 105 2 billion for Amtrak 105 10 4 billion for agriculture and USDA of which 106 107 4 billion 39 of total agricultural expenditures and 1 billion 9 7 of total agricultural expenditures goes to debt forgiveness and outreach support respectively for socially disadvantaged farmers 106 Experts identified the relief bill as the most important legislation for African American farmers since the Civil Rights Act of 1964 benefiting many who were not fully compensated by the Pigford settlements 107 3 6 billion 35 of total agricultural expenditures for COVID 19 response e g for agricultural and supply chain workers and for the purchase and distribution of food 106 800 million 7 7 of total agricultural expenditures for Food for Peace 106 500 million 4 8 of total agricultural expenditures for USDA administered Emergency Rural Development Grants for Rural Healthcare 102 106 Cybersecurity edit 1 85 billion for cybersecurity funding as a response to the SolarWinds hack 108 1 billion will go to the General Services Administration s Technology Modernization Fund which will help the federal government launch new cyber and information technology programs 108 650 million will go to the Cybersecurity and Infrastructure Security Agency to improve its risk mitigation services 108 200 million will go to the U S Digital Service 108 Healthcare edit Subsidizes 100 of premiums for COBRA recipients from April 1 to September 30 2021 109 Due to these subsidies at least 2 2 million additional people will enroll in COBRA in 2021 Changes to ACA Removing the welfare cliff by removing the income limit on premium subsidies Instead anyone can be eligible for premium subsidies if the cost of their premiums is more than 8 5 of their income These subsidies will not affect rich households 109 110 Increasing subsidies that are already available to low income households An estimated 2 5 million uninsured people will get covered due to these changes Additionally about 3 4 million of the lowest income enrollees will see their premiums fall by 100 110 Create a special rule whereby anyone who qualifies for unemployment automatically qualifies for the maximum amount of subsidies 109 Protect any ACA subsidy recipient from clawbacks due to income fluctuations in 2020 109 Changes to Medicaid and CHIP Requires coverage of COVID 19 vaccines vaccine counseling 111 and COVID 19 treatment Expands state options for COVID 19 testing for the uninsured 109 Allows states to give 12 months of post partum coverage for new mothers 109 Introduce new incentives for states to expand Medicaid coverage 109 Impact editThe bill s economic relief provisions were overwhelmingly geared toward low income and middle class Americans who received the direct payments the bill s expansion of low income tax credits child care subsidies expanded health insurance access extension of expanded unemployment benefits food stamps and rental assistance programs 112 The bill contains little direct aid to high income earners who largely retained their jobs during the COVID 19 economic shock and bolstered their savings 112 Biden s administration crafted the plan in part because economic aid to lower income and middle income Americans who are more likely to immediately spend funds on bills groceries and housing costs to avoid eviction or foreclosure is more likely to stimulate the U S economy than aid to higher earners who are more likely to save the money 112 The Institute on Taxation and Economic Policy predicted that the stimulus bill s direct payments child tax credit expansion and earned income tax credit expansion would boost the income of the poorest one fifth of Americans by nearly 3 590 113 The Congressional Budget Office estimated that the bill s increase in health insurance subsidies would lead to 1 3 million previously uninsured Americans gaining health insurance coverage 114 The Tax Policy Center wrote that for households making under 25 000 the bill would cut their taxes by an average of 2 800 which would boost their after tax income by 20 Additionally low income households with children would see an average tax cut of about 7 700 and this would boost their after tax income by 35 Middle income households will also see an average tax cut of about 3 350 and this would increase their after tax income by 5 5 Overall about 70 of the bill s tax benefits will go to households making under 91 000 115 Inflationary impact edit See also 2021 2022 inflation surge Commentators in the press 116 117 have said that the American Rescue Plan Act of 2021 has likely contributed 118 to the inflation felt in the form of higher prices experienced across the United States in 2022 117 A March 2022 study released by the Federal Reserve Bank of San Francisco estimated that U S fiscal support measures designed to counteract the severity of the pandemic s economic effect among them the American Rescue Plan and the 2020 CARES Act may have raised core inflation about 3 percentage points by the end of 2021 noting that this estimate falls in the upper range of findings from other recent research At the same time the study notes that these measures may have prevented outright deflation and slower economic growth the consequences of which would have been harder to manage 119 120 The study estimates the effect on inflation from the aggregate of all U S fiscal support measures and does not give estimates for the effects of individual measures Nobel Prize in economics winner Paul Krugman stated in an op ed for the New York Times in July 2022 that he was among many economists that foresaw little risk due to the American Rescue Plan but admitted being wrong about it 121 Response editCongress edit The relief package received universal support from Democrats and universal opposition from Republicans passing on a party line vote 122 123 Some House Democratic progressives expressed disappointment with some changes to the relief package made in the Senate such as the removal of the 15 minimum wage to win over moderate Democratic support but continued to support the package 124 Republicans in Congress opposed the bill claiming it to be unaffordable 72 and claiming the bill only benefitted Democratic led states Though the bill provided some funding for Republican leaning states 61 of aid would go to states that voted for Biden in November 2020 125 Some Democrats argued the bill s provisions were similar to policies Republicans had supported in the Trump administration Republicans responded by arguing that such measures were no longer necessary as the economy was no longer in a recession and COVID 19 vaccines were now being administered 72 President Biden edit source source source source source source source source President Biden discusses the relief package with labor leaders in the Oval OfficePresident Joe Biden advocated for fast tracking the stimulus package with optimally bipartisan support In early February 2021 Biden criticized Republicans for not seeking a bipartisan compromise on a final aid bill and said the Republicans were wilfully obstructing his proposal 126 At the time Biden signaled openness to passing the legislation without any support from congressional Republicans 127 Biden stated that he could not in good conscience make concessions to Republicans who he said propose to either do nothing or not enough as Republicans complain Biden is forsaking his promises on bipartisanship and unity 126 Furthermore Biden noted that a ll of a sudden many of them have rediscovered fiscal restraint and the concern for the deficits in reference to the Trump administrations increase in the national debt following expansive tax cuts and Covid 19 mitigation spending 126 Others edit Republican mayors such as Jerry Dyer of Fresno California Francis Suarez of Miami David Holt of Oklahoma City and Betsy Price of Fort Worth Texas expressed their support for the plan Dyer told the Washington Post that It s not a Republican issue or a Democrat issue It s a public health issue It s an economic issue And it s a public safety issue 128 Over 150 CEOs of major companies expressed support for the Biden stimulus plan in a letter and urged Congress to pass it 129 A broad range of advocacy and interest groups praised the bill including local government groups National Association of Counties and U S Conference of Mayors business associations National Farmers Union Airlines for America National Association of Realtors National Restaurant Association Small Business Majority education organizations the American Council on Education American Federation of Teachers National Education Association National School Boards Association organized labor the AFL CIO and AFSCME healthcare organizations American Academy of Pediatrics Association of State and Territorial Health Officials National Nurses United the American Public Transportation Association and the civil rights group UnidosUS 130 Feeding America the American Hotel amp Lodging Association the Main Street Alliance the U S Travel Association the American Hospital Association the Association of American Medical Colleges and the National Council of Nonprofits praised the bill but said that additional relief would be necessary 130 The Business Roundtable U S Chamber of Commerce and Committee for a Responsible Federal Budget called for a smaller and more targeted package 130 Several observers have noted that the stimulus greatly increases the role of the government in fighting poverty in the United States to an extent not seen since Lyndon Johnson s Great Society in the 1960s accordingly some have seen it as evidence that the United States is moving towards social democracy and away from the government is the problem consensus in place since the 1980s 131 132 Dave Yost the Republican Ohio Attorney General sued the Biden administration over the provision of the Act that creates a 350 billion fund to help state and local governments pay first responders and other COVID 19 related expenses The Act provides that a state cannot use federal aid money to offset net revenues lost if a state chooses to implement new state tax cuts Yost s suit claims that this limitation coerces states and infringes on their sovereign authority to set state tax policy 133 134 135 Clinton Administration Treasury Secretary and Harvard University President Lawrence Summers called the bill the least responsible macroeconomic policy we ve had in the last 40 years arguing the law would lead to substantial inflation and possibly a recession if the Federal Reserve responded by raising interest rates 136 Later data would show a large surge in inflation 137 Although the importance of the law in causing this has been disputed price increases rose to the highest levels in 40 years as Summers had argued 138 139 Public opinion edit The stimulus plan had broad public support 140 A February 11 Newsweek Harris X poll showed that 60 of Republican voters expressed support for the stimulus plan and a poll from Quinnipiac University found that 68 of Americans support it 141 142 A Morning Consult Politico poll showed that 76 of voters including 60 of Republicans and 89 of Democrats supported the bill 143 A Monmouth University poll found that 62 of Americans approve of the stimulus package 140 with 92 of Democrats 56 of independents and 33 of Republicans supporting the legislation 144 CBS News released a poll on March 12 which showed that 75 of Americans approved the stimulus bill including 77 of independents 46 of Republicans and 94 of Democrats 145 In a poll conducted by Data for Progress and Vox around 31 of Republican voters believed that their party backs the legislation with 53 believing that it does not 146 See also editList of acts of the 117th United States Congress List of COVID 19 pandemic legislation Build Back Better Plan Inflation Reduction Act COVID 19 pandemic in the United States Coronavirus Preparedness and Response Supplemental Appropriations Act 2020 Families First Coronavirus Response Act Coronavirus Aid Relief and Economic Security Act CARES Act includes 1200 stimulus checks Paycheck Protection Program and Health Care Enhancement Act Paycheck Protection Program Flexibility Act of 2020 A bill to extend the authority for commitments for the paycheck protection program Consolidated Appropriations Act 2021 includes 600 stimulus checksReferences edit American Rescue Plan Inside Biden s 1 9 Trillion Stimulus SmartAsset January 15 2021 Retrieved January 16 2021 1 Luhby Tami Lobosco Katie January 14 2021 Here s what s in Biden s 1 9 trillion economic rescue package CNN Retrieved January 16 2021 a b c d e f g h Tankersley Jim Crowley Michael January 14 2021 Here are the highlights of Biden s 1 9 trillion American Rescue Plan The New York Times ISSN 0362 4331 Retrieved January 16 2021 Fox Lauren Grayer Annie February 22 2021 House panel sets up floor vote on Covid relief bill later this week CNN Retrieved March 6 2021 Segers Grace February 27 2021 Biden s 1 9 trillion relief bill passes House but faces Senate hurdle CBS News Retrieved February 27 2021 Behrmann Ledyard King Bart Jansen Nicholas Wu and Savannah Senate passes Biden s COVID relief bill sending legislation with 1 400 stimulus checks to House USA TODAY Retrieved March 6 2021 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link Hagen Lisa House Passes Amended Coronavirus Relief Bill Delivers Biden First Legislative Victory U S News amp World Report Retrieved March 10 2021 a b Segers Grace March 12 2021 Biden signs 1 9 trillion COVID relief bill American Rescue Plan into law www cbsnews com Rushe Dominic US has officially entered first recession since 2009 The Guardian Retrieved February 7 2021 Ehley Brianna February 22 2021 U S surpasses 500 000 Covid deaths Politico Retrieved February 22 2021 Dugan Kelli March 8 2021 Coronavirus Total US COVID 19 cases top 29 million as death toll swells past 525 000 KIRO TV Yurkevich Vanessa January 26 2021 Evictions unemployment and hunger The American economy Joe Biden inherits CNN Hackney Suzette December 17 2020 Millions of Americans face eviction amid COVID 19 I have no idea what to do USA Today Stolberg Sheryl January 21 2021 Biden Unveils National Strategy That Trump Resisted New York Times Lee Jessica January 22 2021 Did Biden Inherit Nonexistent COVID 19 Vaccine Distribution Plan Snopes Gregorian Dareh December 29 2020 McConnell blocks Senate Democrats move to pass 2 000 coronavirus checks NBC News Republicans Appalled By 3 Trillion Heroes Act As Democrats Urge Its Passing Forbes Duffy Kate January 5 2021 Biden tells Georgia voters that 2 000 stimulus checks will never arrive if Republicans win Senate runoffs Business Insider Wise Alana January 6 2021 Jon Ossoff Wins Georgia Runoff Handing Democrats Senate Control NPR NPR Archived from the original on March 31 2021 Mason Jeff Renshaw Jarrett January 14 2021 Biden unveils plan to pump 1 9 trillion into pandemic hit economy Reuters Collinson Stephen February 2021 Analysis Biden faces presidency defining dilemma over Republican offer on Covid 19 rescue plan CNN Retrieved February 1 2021 Quinn Melissa Turman Jack February 2 2021 Democrats introduce budget resolution kicking off fast track process to pass COVID package CBS News Retrieved February 2 2021 Carney Jordain February 3 2021 Schumer vows Democrats united after Biden meeting on coronavirus The Hill Retrieved February 4 2021 Shahrigian Shant February 7 2021 Janet Yellen Pete Buttigieg push 1 9T stimulus package New York Daily News Retrieved February 7 2021 Crutsinger Martin February 7 2021 Yellen Biden s plan could restore full employment by 2022 ABC News Retrieved February 7 2021 Stein Jeff Werner Erica February 9 2021 Jamie Dimon other CEOs meet with President Biden at White House as relief plan advances The Washington Post Retrieved February 10 2021 Schroeder Robert February 9 2021 Biden and Yellen discuss 1 9 trillion COVID relief plan with JPMorgan Walmart Gap CEOs Marketwatch Retrieved February 10 2021 Pramuk Jacob February 11 2021 Pelosi expects Covid relief will be signed into law before unemployment programs expire CNBC Retrieved February 11 2021 Mason Jeff February 16 2021 With Trump s impeachment trial over Biden pushes his agenda in televised town hall Reuters Retrieved February 16 2021 Cox Jeff February 18 2021 Treasury Secretary Janet Yellen makes push for major stimulus sees bigger risk in not doing enough C Retrieved February 20 2021 Yellen Janet We think it s very important to have a big package that addresses the pain this has caused 15 million Americans behind on their rent 24 million adults and 12 million children who don t have enough to eat small businesses failing Wasson Erik February 2 2021 Senate Democrats Move to Put Biden Stimulus Plan on Fast Track Bloomberg Retrieved February 5 2021 Zeballos Roig Joseph February 2 2021 Senate Democrats take the first step to pass Biden s 1 9 trillion stimulus package on their own as the administration stands by it Business Insider Retrieved February 2 2021 Elis Niv February 3 2021 House approves budget resolution for COVID 19 package The Hill Retrieved February 4 2021 Russonello Giovanni March 5 2021 What s in a Vote a Rama The New York Times Retrieved July 26 2022 Fantozzi Joanna February 4 2021 The Senate overwhelmingly passed restaurant relief budget resolution amendment nrn com Kapur Sahil February 4 2021 Democrats take new step to fast tracking Covid relief as Senate vote a rama begins NBC News Retrieved February 5 2021 Senate passes key budget bill for COVID 19 relief with Harris as tiebreaker Los Angeles Times House passes budget resolution paving way for Biden s COVID 19 relief plan The Hill February 5 2021 Wingerter Justin February 4 2021 Sen John Hickenlooper frustrates immigration activists with vote to block some from stimulus checks The Denver Post Retrieved February 5 2021 Everett Burgett Levine Marianne February 8 2021 Dems split as progressives rage over immigration vote Politico Hirono Mazie There are undocumented people who pay taxes They also have children who are Americans So they should get those checks I don t agree with them That s what I make of it Carrasquillo Adrian February 9 2021 White House Confirms Support for Stimulus Checks for Citizens Born to Undocumented Immigrants Newsweek Retrieved February 10 2021 Davison Laura Wasson Erik February 8 2021 House Democrats Unveil First Draft of Stimulus Bill Measures Bloomberg com Retrieved February 8 2021 Jagoda Naomi February 11 2021 House panel advances portion of relief package that includes 1 400 checks The Hill Retrieved February 11 2021 Pramuck Jacob February 12 2021 House advances 1 400 payments unemployment boost as part of Covid relief plan CNBC READ Full House Democratic Covid relief and 15 minimum wage increase bill CNN February 19 2021 Retrieved February 19 2021 Fox Lauren Diaz Daniella February 19 2021 House Democrats unveil full 1 9 trillion Covid relief bill with minimum wage increase CNN Retrieved February 19 2021 Elis Niv February 22 2021 House panel advances Biden s 1 9T COVID 19 aid bill The Hill Retrieved February 22 2021 Williams Jordan February 23 2021 Hoyer House will vote on COVID 19 relief bill Friday The Hill Retrieved February 24 2021 Foran Clare Grayer Annie Wilson Kristin Fox Lauren February 26 2021 House passes Biden s 1 9 trillion Covid relief package CNN Retrieved February 27 2021 Washington U S Capitol Room H154 p 225 7000 DC 20515 6601 February 26 2021 Roll Call 47 Roll Call 47 Bill Number H Res 166 117th Congress 1st Session Office of the Clerk U S House of Representatives Retrieved February 27 2021 a href Template Cite web html title Template Cite web cite web a CS1 maint numeric names authors list link Solender Andrew February 19 2021 Schumer Predicts Biden Will Sign Stimulus Before March 14 Unemployment Deadline Forbes Retrieved February 19 2021 Senate advances COVID relief bill with Kamala Harris as tie breaking vote Newsweek March 4 2021 a b Foran Clare Barrett Ted March 4 2021 Senate begins marathon push for Covid relief CNN Retrieved March 5 2021 a b Macaya Melissa Wagner Meg Mahtani Melissa The latest on the Covid 19 stimulus bill CNN Retrieved March 5 2021 Pecorin Allison Turner Trish March 5 2021 Democrats unemployment insurance plan passes on party line vote ABC News Fram Alan March 5 2021 Senate Dems strike jobless aid deal relief bill OK in sight Associated Press Raju Manu Foran Clare Barrett Ted Rogers Alex March 6 2021 Senate passes Biden s 1 9 trillion Covid relief plan after all night votes CNN Biden wants fast COVID aid but minimum wage hike in doubt Associated Press February 5 2021 Retrieved February 7 2021 a b Levine Marianne February 5 2021 Biden casts doubt on 15 minimum wage hike in Covid relief package Politico Retrieved February 7 2021 Rakich Nathaniel March 5 2021 What Americans Think About The Minimum Wage And Their Governors FiveThirtyEight Retrieved March 5 2021 Senate Can t Vote On 15 Minimum Wage Parliamentarian Rules NPR org Retrieved February 26 2021 On 15 minimum wage will Kamala Harris overrule the Senate parliamentarian Newsweek February 25 2021 Sean Sullivan and Cleve R Wootson Jr March 6 2021 Harris caught between a restless base and a traditionalist Biden Washington Post Shepherd Katie February 26 2021 Some Democrats want to fire the Senate parliamentarian who scuttled 15 minimum wage plans It s been done once before Washington Post Senate rejects Sanders proposal for 15 minimum wage in Covid relief package The Independent March 5 2021 Archived from the original on March 5 2021 Morath Eric February 8 2021 15 Minimum Wage Would Cut Employment Reduce Poverty CBO Study Finds The Wall Street Journal Retrieved February 8 2021 The Budgetary Effects of the Raise the Wage Act of 2021 PDF Congressional Budget Office February 2021 Gregorian Dareh February 16 2021 GOP Sens Romney Cotton to propose minimum wage hike coupled with immigration enforcement NBC News Retrieved February 17 2021 Mallory Moench Silicon Valley BART extension axed from federal stimulus bill after Republican protests San Francisco Chronicle March 3 2021 Alex Gault Seaway International Bridge federal aid scrapped reportedly because Stefanik refused to advocate for funding NNY360 March 3 2021 Kevin Freking Projects GOP tied to Pelosi Schumer dropped from virus bill Associated Press March 3 2021 a b c Emily Cochrane Congress Clears 1 9 Trillion Aid Bill Sending It to Biden New York Times March 10 2021 Biden signs 1 9 trillion American Rescue Plan into law CBS News March 12 2021 Retrieved March 12 2021 Mattingly Phil Diamond Jeremy Vazquez Maegan March 15 2021 Gene Sperling will oversee Covid 19 relief law rollout CNN Retrieved March 15 2021 Help Is Here roadshow begins to promote a 1 9 trillion pandemic relief package that s already polling well MarketWatch March 15 2021 Retrieved March 15 2021 Terruso Julia March 16 2021 Biden says help is on the way as he kicks off campaign to sell the 1 9 trillion stimulus outside Philly The Philadelphia Inquirer Retrieved March 16 2021 Update on American Rescue Plan Act ARPA Section 1005 Payments United States Department of Agriculture February 28 2022 Retrieved September 25 2022 Inflation Reduction Act enacted August 16 2022 22008 a b c d Tami Luhby With Congress poised to give states and local governments 350 billion pandemic budget hit for many was smaller than predicted CNN March 5 2021 a b c d e Emily Cochrane Divided Senate Passes Biden s Pandemic Aid Plan New York Times March 6 2021 a b c d Tony Romm Jeff Stein and Erica Werner Senate passes Biden s 1 9 trillion coronavirus relief bill after voting overnight on amendments sends measure back to House Washington Post March 6 2021 a b c d e f g h i Tami Luhby amp Katie Lobosco A guide to what you can expect to get from the 1 9 trillion Senate stimulus CNN March 6 2021 a b c d e f g h Li Zhou amp Emily Stewart The Senate just passed the 1 9 trillion stimulus package Here s what in it Vox March 6 2021 Biden limits eligibility for stimulus payments under pressure from moderate Senate Democrats Washington Post March 3 2021 More than stimulus checks All the tax breaks parents and retirees should know CNET March 5 2021 a b c Lieber Ron Bernard Tara March 6 2021 F A Q on Stimulus Unemployment and Tax Rebates The New York Times Retrieved March 12 2021 Higgins Tucker February 8 2020 Democrats unveil one year plan to send up to 3 600 per child to households CNBC Retrieved February 9 2021 U S Senate U S Senate Roll Call Votes 117th Congress 1st Session a b Kery Murakami 40 Billion for Colleges InsiderHigherEd March 8 2021 Emily Stewart What the Covid 19 relief bill does for student loan forgiveness explained Vox March 8 2021 Gig workers could end up losers in Covid relief bill POLITICO March 5 2021 Retrieved March 11 2021 a b c d Brian Faler A 60 billion surprise in the Covid relief bill Tax hikes Politico March 10 2021 a b c Tory Newmyer The business winners in Biden s relief package Restaurants concert venues and airplane manufacturers Washington Post March 7 2021 Taylor Mims Proposed Rule Change Allows Indie Venues to Apply for Both SBA Grants and PPP Loans Billboard March 4 2021 Understanding the Recovery Startup Provision of the Employee Retention Tax Credit Clarus R D SUPERVILLE DARLENE July 19 2022 Jill Biden education chief to kick off summer learning tour CBS42 Retrieved July 26 2022 a b Tami Luhby and Katie Lobosco Here s what s in the Senate stimulus plan CNN March 6 2021 a b c d e f FACT SHEET Department of Education Announces State by State American Rescue Plan Funding for Colleges and Universities whitehouse gov Washington D C The White House March 7 2022 Retrieved July 26 2022 a b c d e f Analysis Congress Passes 1 9 Trillion COVID 19 Relief Package Buchanan Ingersoll amp Rooney PC March 10 2021 Retrieved March 12 2021 a b c d Olivia Ann Rice Douglas Housing Assistance in American Rescue Plan Act Will Prevent Millions of Evictions Help People Experiencing Homelessness Center on Budget and Policy Priorities Retrieved March 12 2021 Shear Michael April 7 2021 FEMA will offer more financial aid for Covid funeral expenses starting next week The New York Times Retrieved April 9 2021 a b c d e f g h i j k l m n o p q r s t u U S House Passes American Rescue Plan 15 Provisions for Healthcare Providers McGuireWoods LLP JDSupra March 2 2021 Mary Williams Walsh and Alan Rappeport Rescue Package Includes 86 Billion Bailout for Failing Pensions New York Times March 7 2021 Dave Jamieson Democrats Relief Bill Shores Up A Million People s Pensions That s A Huge Deal HuffPo March 7 2021 a b c d Lori Aratani Airlines public transit agencies say 1 9 trillion relief plan would prevent deep cuts job losses Washington Post March 8 2021 a b c d e What s in the American Rescue Plan Act of 2021 for Agriculture Market Intel Farm Bureau a b Relief bill is most significant legislation for Black farmers since Civil Rights Act experts say Washington Post March 8 2021 a b c d Miller Maggie March 4 2021 Senate includes nearly 2 billion in cyber tech funds to COVID 19 bill Retrieved March 10 2021 a b c d e f g Keith Katie 2021 Final Coverage Provisions In The American Rescue Plan And What Comes Next doi 10 1377 forefront 20210311 725837 a b McDermott Daniel Cox Cynthia Amin Krutika Impact of Key Provisions of the House COVID 19 Relief Proposal on Marketplace Premiums Retrieved March 13 2021 Suran Melissa January 25 2022 Coverage of COVID 19 Vaccine Counseling for Children and Youths JAMA 327 4 313 doi 10 1001 jama 2021 25080 ISSN 0098 7484 PMID 35076682 S2CID 246278716 a b c Jim Tankersley To Juice the Economy Biden Bets on the Poor New York Times March 6 2021 Picchi Aimee February 12 2021 Stimulus bill would boost incomes of poorest Americans by nearly 4 000 CBS News Retrieved February 14 2021 Paige Winfield Cunningham The Health 202 Buried in Biden s stimulus plan is a 29 percent spending hike in Obamacare subsidies Washington Post March 3 2021 Gleckman Howard March 8 2021 Pandemic Bill Would Cut Taxes by An Average of 3 000 With Most Relief Going to Low And Middle Income Households Tax Policy Center Retrieved March 8 2021 Guilford Gwynn DeBarros Anthony July 11 2021 Higher Inflation Is Here to Stay for Years Economists Forecast Wall Street Journal The Wall Street Journal Retrieved March 17 2022 a b Siegel Jeremy May 14 2021 Inflation could be 20 in the next three years Wharton s Jeremy Siegel www cnbc com CNBC Retrieved March 17 2022 Boehm Eric March 15 2022 Biden s Dishonest Attempt To Pin Inflation on Putin reason com Reason Retrieved March 17 2022 San Francisco Fed Paper Ties Some of the Inflation Surge to Fiscal Aid Wall Street Journal March 29 2022 ISSN 0099 9660 Retrieved April 25 2022 Jorda Oscar March 28 2022 Why Is U S Inflation Higher than in Other Countries PDF FRBSF Economic Letter Krugman Paul July 21 2022 Opinion I Was Wrong About Inflation The New York Times ISSN 0362 4331 Retrieved October 31 2022 Hulse Carl March 6 2021 After Stimulus Victory in Senate Reality Sinks in Bipartisanship Is Dead New York Times Stein Jeff March 7 2021 We need the government Biden s 1 9 trillion relief plan reflects seismic shifts in U S politics Washington Post Elbeshbishi Sarah March 6 2021 Some House progressives aren t happy with Senate version of COVID relief package Here s what changed USA Today Lange Andy Sullivan February 24 2021 Analysis Urban states come out ahead rural states get less in Biden s COVID 19 relief bill Reuters a b c Remarks by President Biden on the State of the Economy and the Need for the American Rescue Plan The White House February 5 2021 Retrieved February 10 2021 Chalfant Morgan Samuels Brett February 5 2021 Biden signals he ll move forward on COVID 19 relief without GOP The Hill Villarreal Daniel February 15 2021 Way Overdue Biden s 1 9 Tn Stimulus Plan Wins Support Among GOP Leaders Outside D C Newsweek Retrieved February 21 2021 DeNisco Rayome Alison February 24 2021 CEOs from Google Zoom and over 150 companies urge Congress to pass Biden stimulus plan CNET Retrieved February 24 2021 a b c Alicia Parlapiano What 27 Special Interest Groups Said About the Stimulus Bill New York Times March 7 2021 Politi James Fedor Lauren Rogers Taylor Nicole March 12 2021 Joe Biden and the new era of big government Financial Times Congress Ends Welfare Reform as We Know It Politico March 10 2021 Romm Tony March 17 2021 Ohio attorney general sues Biden administration over 1 9 trillion stimulus Washington Post Kovac Marc March 18 2021 Ohio Attorney General Dave Yost sues feds over restrictions on coronavirus relief aid Columbus Dispatch Yost Dave March 24 2021 The Biden Administration Is Coercing the States Ohio Is Fighting Back National Review Retrieved March 24 2021 Larry Summers blasts 1 9 T stimulus as least responsible economic policy in 40 years March 20 2021 Former Treasury secretary breaks down rising inflation CNN July 17 2021 Now Biden s given America the worst inflation in 40 years January 13 2022 Larry Summers was right on inflation Let s hope his recession forecast is wrong the Boston Globe The Boston Globe a b Lauren Gambino amp Martin Pengelly Biden hails giant step as Senate passes 1 9tn coronavirus relief bill The Guardian March 6 2021 Hansen Sarah February 3 2021 68 Of Americans Approve Of Biden s 1 9 Trillion Stimulus Plan Poll Finds Forbes Retrieved February 21 2021 Lemon Jason February 11 2021 Majority of Republicans Back Dems Passing COVID Stimulus Without GOP Lawmakers Support Poll Newsweek Retrieved February 21 2021 Williams Claire February 24 2021 With Congressional Stimulus Fight Looming 76 of Voters Back 1 9 Trillion Plan Including 60 of Republicans Morning Consult Retrieved February 24 2021 Public Wants Stimulus Checks More Than GOP Support for Plan Monmouth University Polling Institute March 3 2021 Pinto Jennifer Salvanto Anthony Khanna Kabir Backus Fred March 12 2021 COVID relief legislation popular with Americans CBS News poll CBS News Retrieved March 14 2021 Zhou Li March 22 2021 Poll 31 percent of Republicans think their party backs the American Rescue Plan Vox Retrieved March 22 2021 External links edit nbsp Wikimedia Commons has media related to American Rescue Plan American Rescue Plan Act of 2021 as amended PDF details in the GPO Statute Compilations collection American Rescue Plan Act of 2021 as enacted PDF details in the US Statutes at Large H R 1319 bill information on Congress gov nbsp US President Biden signs US 1 9 trillion COVID 19 relief package at Wikinews nbsp Works related to Remarks by President Biden on the American Rescue Plan and Signing of Executive Orders at Wikisource nbsp Works related to The Economics of the American Rescue Plan at Wikisource nbsp Works related to American Rescue Plan Fact Sheet at Wikisource Retrieved from https en wikipedia org w index php title American Rescue Plan Act of 2021 amp oldid 1203890393, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.