This funding will support econ development and revitalization at unprecedented scale – from improving infrastructure to financing local business incubators and apprenticeship programs.
It also builds off $260M already deployed by @Interior to support abandoned mine reclamation.
@POTUS is committed to deliver for communities that have powered America for a century+; partnering on jobs, investment & innovation.
Today we released results of 100 day sprint to analyze supply chain vulnerabilities that contributed to the discontinuities we’ve seen across various markets over the last year.
The pandemic exposed our vulnerability to systemic crises. From the early days we saw huge shortages, from critical PPE to groceries at our local supermarkets.
As the economy reopens, supply/demand imbalances have evolved, but long-term vulnerabilities persist
In Feb @POTUS signed an EO directing 100-day supply chain reviews of 4 critical products:
-Large capacity batteries
-Semiconductors & adv packaging
-Critical minerals & materials
-Active pharma ingredients
Today we release their findings + actions to address vulnerabilities
As @POTUS hits the road, one more morning thread on elements of the American Rescue Plan Act of 2021 that people may not yet fully understand, but will be vital to many lives:
It protects veterans from being targeted by for-profit schools:
- For too long, the law encouraged low quality, for-profit schools to exploit vets and their families
- For years, there have been calls to close the “90/10 loophole” to protect vets
- The ARP finally got it done
It delivers disproportionate benefits to rural America:
- Roughly half of all children living in rural areas will benefit from Child Tax Credit expansions
- One in four childless adults in rural areas will benefit from expanded EITC
Another morning thread on elements of the American Rescue Plan that are less recognized, but will affect a lot of people’s lives:
It will cut homelessness:
- Homelessness during COVID = economic pain and increased disease transmission
- ARP will help ~80K households get permanent housing
- Create addtl ~32K perm affordable housing units
- Give homeless kids children wrap-around services thru schools
It compensates for the school meals that needy kids are missing:
- 30M kids rely on free/reduced price school meal program to keep from going hungry
- School closures create a crisis for these kids
- ARP gives direct payments to families for the cost of these meals, thru summer
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.