Less known provisions in the American Rescue Plan that will change a lot of lives

[Nevilledog]

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Brian Deese
@BrianDeeseNEC
A morning thread on the American Rescue Plan. There are a number of outcomes from this legislation that have gotten less attention, but will change a lot of lives:
9:43 AM · Mar 7, 2021

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A morning thread on the American Rescue Plan. There are a number of outcomes from this legislation that have gotten less attention, but will change a lot of lives:
It makes healthcare more affordable:

-The 12m people getting healthcare through the exchanges will likely get a tax credit

- A family of four making $90k could see their monthly premium drop by $200

-No one will pay more than 8.5% of household income on the benchmark plan
It expands healthcare coverage:

- By making healthcare more affordable, it will reduce the number of uninsured by at least 1.3 million by next year.
It provides a tax cut to essential workers:

- It raises the maximum EITC for childless workers from ~$530 to ~$1500, and allows more low income workers to qualify

- It makes young adults aged 19-24 who aren’t full time student and people over 65 eligible
(Cont.)


- This will put money in the pockets of 17m low income workers, incl the 6m people who the federal tax system taxes deeper into poverty bc of a low EITC.

- The occupations with most workers who would benefit: cashiers, food preparers, servers, and home health aides
It makes the most significant childcare investment since WW II; $40bn to:
- Reduce child care costs for families
- Help women who left jobs to take on caregiving
- Rebuild the child care providers; mostly small, community-based bizs
- Increase pay & benefits of childcare workers
It makes major progress on housing assistance:

- $27.4b in rental assistance

- $10b in homeowner assistance

- $5b in Section 8 housing vouchers

- $5b in homelessness assistance
• • •

[Wounded Bear]

1. K&R...nt

[liberalla]

2. Hooray! This will make a difference in people's lives! (Mine included!)

Bookmarking!

[PoindexterOglethorpe]

3. Oh, my. That's amazing.

I probably won't get anything other than the stimulus check, but I'm very happy that so many needy and deserving people will be helped.

[Hekate]

4. KnR. Keep bringing it on in bites people can digest. nt

[OMGWTF]

5. So nice to have a president who actually cares about us.

[PatrickforB]

6. Thank you for posting. This is very good news, and

so far, Biden and the Democrats are batting over 500. Biden is looking more transformational by the day.

[BigmanPigman]

7. Does this do anything to influence the SCOTUS vote

coming up in a few months?