Without bold investments now, experts predict a longer, more unequal recovery.
President Biden’s American Rescue Plan, the framework for legislation expected to pass this week in the House, would boost economic well-being for those whose livelihoods were most affected by the pandemic-induced economic crisis.
The chart below shows exactly how targeted the plan’s cash payments and tax credit expansions are. ITEP analysis finds that combined, these provisions would have a significant impact on households earning less than $65,000 annually, with the most dramatic effect on the poorest 20 percent of households (annual income of $21,3000 or less) who would see incomes boosted by a third on average.