It also proposes expanding the child care tax credit for one year so that families will get back as much as half of their spending on child care for children under age 13.īiden wants to boost the Child Tax Credit to $3,600 for children under age 6 and $3,000 for those between ages 6 and 17 for a year. The plan calls on Congress to create a $25 billion emergency fund and add $15 billion to an existing grant program to help child care providers, including family child care homes, to pay for rent, utilities, and payroll, and increased costs associated with the pandemic like personal protective equipment. More money for child care and child tax credits And he would partner with restaurants to provide food to needy Americans and jobs to laid-off restaurant workers. He would invest another $3 billion to help women, infants and children secure food, and give US territories $1 billion in nutrition assistance. The plan would extend the federal eviction moratorium, set to expire at the end of January, to September 30, as well as allow people with federally-guaranteed mortgages to apply for forbearance until September 30.īiden would extend the 15% increase in food stamp benefits through September, instead of having it expire in June. Biden is also calling for $5 billion to help states and localities assist those at risk of experiencing homelessness. That’s in addition to the $25 billion lawmakers provided in December.Īnother $5 billion would be set aside to help struggling renters to pay their utility bills. The plan would provide $25 billion in rental assistance for low- and moderate-income households who have lost jobs during the pandemic. Rental assistance and eviction moratorium Lawmakers only provided an additional 11 weeks of support in the December package, which will last until March. This applies to those in the Pandemic Emergency Unemployment Compensation program who have exhausted their regular state jobless payments and in the Pandemic Unemployment Assistance program, which provides benefits to the self-employed, independent contractors, gig workers and certain people affected by the pandemic. He would also extend the payments, along with two key pandemic unemployment programs, through September. It would also include households with mixed immigration status, after the first round of $1,200 checks left out the spouses of undocumented immigrants who do not have Social Security Numbers.īiden would increase the federal boost the jobless receive to $400 a week, from the $300 weekly enhancement contained in Congress’ relief package from December. The new payments would go to adult dependents that were left out of the earlier rounds, like some children over the age of 17. This money would be in addition to the $600 payments that were approved by Congress in December and sent out earlier this month – for a total of $2,000. The plan calls for sending another $1,400 per person to eligible recipients. Here’s what’s in the American Rescue Plan: He also plans to lay out an economic recovery plan in coming weeks that aims to create jobs and combat the climate crisis, among other measures. Now that Democrats control both chambers and the White House, Biden is pushing for the big steps he says are needed to address immediate needs and control the coronavirus pandemic. These are key parts of a $1.9 trillion proposal that President-elect Joe Biden unveiled Thursday evening.īilled as the American Rescue Plan, the package augments many of the measures in Congress’ historic $3 trillion coronavirus relief bill from March and in the $900 billion legislation from December, which was scaled back to garner support from Senate Republicans. Increased funding for vaccinations and testing. Additional support for small businesses, states and local governments. More aid for the unemployed, the hungry and those facing eviction.
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