The American Rescue Plan, which has earned historic levels of support from Americans across the political spectrum and has already saved thousands of jobs, is proof that public investment is both popular and effective.
Here’s what they’re saying:
The Washington Post: Companies are scaling back layoffs because of Biden’s stimulus package
“Two airline giants said that they would cancel tens of thousands of planned layoffs because of aid earmarked for them in the $1.9 trillion stimulus measure passed by Congress this week, an early sign of job losses averted by the landmark package.
“‘Those are happily canceled — you can tear them up!’ Doug Parker, American’s CEO, and Robert Isom, its president, wrote in a note to employees. ‘We are grateful for the support of our government leaders and their continued acknowledgment of all you do.’”
USA Today: From child care to school reopenings, $1.9T COVID relief package gives a financial lift to America’s struggling families
“While the sweeping $1.9 trillion American Rescue Plan offers something for almost everyone affected by the COVID-19 pandemic – from the unemployed to small businesses to teetering cities and states – America’s families stand out as the biggest winners and are poised to benefit in myriad ways.
“‘This is a transformative bill for families,’ says Katherine Gallagher, director of child care and early education at the Center for Law and Social Policy. ‘It’s a game-changer.’”
Business Insider: Provisions in the stimulus bill will help the 14% who don’t have enough to eat
“Americans are struggling to pay for basic household expenses, like food, rent, and medical services, but with President Joe Biden’s $1.9 trillion stimulus plan headed for his desk shortly, households across the country can expect to see relief.
“In a report released on Wednesday by the Center on Budget and Policy Priorities, a progressive think tank, it found that based on Census Bureau data, millions of Americans are still struggling to meet their basic needs a year into the pandemic. In data collected between February 17 and March 1, 14% of adults with children and 11% of all adults did not have enough food to eat over the prior seven days, and 4% of adults with children reported that their household did not have enough to eat at some point in 2019.”
The Wall Street Journal: Child Tax Credit: How the Covid-19 Stimulus Package Gives Additional Money to Families
“More than 90% of families with children under 18 will get some benefit from the new law, according to estimates by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution.
“The new tax credit is fully refundable, a substantial change in philosophy that some experts say will significantly help low-income families.”