The American Rescue Plan blog is here. I believe it's one of the most detailed rundowns out there of everything that the bill does. Please RT and share widely. I'll be threading all the major points below this. whatbidenhasdone.wordpress.com/2021/03/14/eve…
1. Stimulus checks: $1400 for each adult, child, or adult dependent. 85% of households will get one.
2. Child tax credit: Raises for 2021 from $2000 to $3600 (kids 0-5) or $3000 (6-17) the child tax credit (same income levels as checks) and pays half in periodic allowances.
2. Child tax credit: Raises for 2021 from $2000 to $3600 (kids 0-5) or $3000 (6-17) the child tax credit (same income levels as checks) and pays half in periodic allowances.
3. Expands by almost 4x the tax credit for child and dependent care. Credit is now $4000 per child ($8000 total) at 50% of eligible childcare expenses, and significantly more qualify for it.
4. 1 year EITC bump for singles from max of $530 to $1502. 19-24 and 65+ now qualify.
4. 1 year EITC bump for singles from max of $530 to $1502. 19-24 and 65+ now qualify.
5. $300 federal unemployment benefit extended to September 6th.
6. Up to $10,200 of unemployment benefits from 2020 are now tax exempt.
7. 2 year ACA expansions with increased subsidies. 100-150% of FPL now gets plans free. No more subsidy cap. Max 8.5% of income for premiums.
6. Up to $10,200 of unemployment benefits from 2020 are now tax exempt.
7. 2 year ACA expansions with increased subsidies. 100-150% of FPL now gets plans free. No more subsidy cap. Max 8.5% of income for premiums.
8. 1 year tax relief from ACA claw-back in 2020 for anyone who saw higher income from unemployment benefits.
9. 100% subsidy for COBRA coverage through September 30th.
10. Incentives for states to expand Medicare.
11. Medicaid/CHIP to cover pregnant women 1 year after birth.
9. 100% subsidy for COBRA coverage through September 30th.
10. Incentives for states to expand Medicare.
11. Medicaid/CHIP to cover pregnant women 1 year after birth.
12. Changes drug rebate program to discourage excessive price increases by drug manufacturers. Will save government 23.5 billion in drug costs.
13. Extends tax credit for employers to provide paid leave through September 30th.
14. $122.3 to K-12 schools to reopen safely.
13. Extends tax credit for employers to provide paid leave through September 30th.
14. $122.3 to K-12 schools to reopen safely.
15. 20% of K-12 funding to go to combat learning loss, including summer school and after school programs.
16. $7B for equipment and internet connectivity to students to assist with digital learning.
17. $40B to universities and colleges, half of which must go to student aid.
16. $7B for equipment and internet connectivity to students to assist with digital learning.
17. $40B to universities and colleges, half of which must go to student aid.
18. $15B to grants to low income parents for childcare
19. $24B for a childcare stabilization fund for childcare providers
20. $1B to Head Start
21. $21.5B in rental relief
22. $10B for homeowners behind on their mortgages
23. $5B to Section 8
24. $5B to fight homelessness
19. $24B for a childcare stabilization fund for childcare providers
20. $1B to Head Start
21. $21.5B in rental relief
22. $10B for homeowners behind on their mortgages
23. $5B to Section 8
24. $5B to fight homelessness
25. $4.5B to the Low Income Home Energy Program to help with utility bills.
26. $500M for low income water assistance.
27. Over $8B in food assistance, including extension of 15% snap increase.
28. $195.3B in aid directly to states and DC
29. $130.2B to local governments
26. $500M for low income water assistance.
27. Over $8B in food assistance, including extension of 15% snap increase.
28. $195.3B in aid directly to states and DC
29. $130.2B to local governments
30. $4.5B to territories
31. $20B to tribal governments.
32. $10B to Coronavirus Capital Fund Project
33. $50B in FEMA COVID Disaster Relief including vaccine funding.
34. $47.8 for testing and tracing.
35. $1.75B for COVID genome sequencing.
36. $8.5B to CDC for vaccines
31. $20B to tribal governments.
32. $10B to Coronavirus Capital Fund Project
33. $50B in FEMA COVID Disaster Relief including vaccine funding.
34. $47.8 for testing and tracing.
35. $1.75B for COVID genome sequencing.
36. $8.5B to CDC for vaccines
37. $7.6B to state and local public health departments
38. $7.6B to community health centers.
39. $6B for Indian Health Services.
40. $17B to the VA, including $1B to help forgive veteran's medical debts.
41. $3B to address mental health and substance abuse issues.
38. $7.6B to community health centers.
39. $6B for Indian Health Services.
40. $17B to the VA, including $1B to help forgive veteran's medical debts.
41. $3B to address mental health and substance abuse issues.
42. $30.5B for emergency transit funding to local transit systems
43. $1.7B in Amtrak funding
44. $8 in assistance for Airports, including concession stand owners
45. $14B for payroll support fund for airline workers to save 10s of 1000s of jobs from being furloughed
43. $1.7B in Amtrak funding
44. $8 in assistance for Airports, including concession stand owners
45. $14B for payroll support fund for airline workers to save 10s of 1000s of jobs from being furloughed
46. $29B to restaurants for grants to recover lost revenue
47. $1.25B to Shuttered Venue Fund
48. $7.25B to Payroll Protection Program and criteria loosened for non-profits
49. $15B for Targeted Economic Injury Loans
50. $10.4B for agriculture, including $5B for minority farmers
47. $1.25B to Shuttered Venue Fund
48. $7.25B to Payroll Protection Program and criteria loosened for non-profits
49. $15B for Targeted Economic Injury Loans
50. $10.4B for agriculture, including $5B for minority farmers
51. Fix for multi-employer pension plans, saves millions of workers and retirees pensions by making them solvent for up to the next 30 years.
52. College loan debt forgiveness is now tax free through 2025.
52. College loan debt forgiveness is now tax free through 2025.
Had some threading issues. Thread picks up here
https://twitter.com/What46HasDone/status/1371230701341839365
@WHCOS @BrianDeeseNEC @brianschatz @itsJeffTiedrich @TheRealHoarse @DevinCow @Goss30Goss @TeaPainUSA @NormOrnstein @MaryLTrump @davidmweissman @YAFBiden @harrisonjaime @joncoopertweets @AdamParkhomenko @cmclymer @mmpadellan
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