From the Pennsylvania Budget and Policy Center (http://www.krc-pbpc.org):
The $1.9 trillion stimulus bill provides a wide range of critical improvements to the social safety net and aid to small businesses. It also provides funds for state and local governments, many of which have been ignored while our attention has been focused on debates about raising the minimum wage and the level at which unemployment benefits and individual payments are set.
Most notably, the legislation takes a major step forward in making health insurance through the ACA more affordable and includes a welcome expansion of child tax credits, which for the first time would give low- and moderate-income families in our country the kind of support that can be found in many other countries.
And, at one stroke, the legislation would ensure that state and local governments and school districts could all overcome the revenue shortfalls created by the pandemic and meet the challenges it has created in our communities.
This legislation is bold and far-reaching. It would restore our economy to health and take a necessary and long-delayed step forward in overcoming the inequities that the pandemic has revealed to all of us.
Read more at https://krc-pbpc.org/research_publication/a-guide-to-the-1-9-trillion-recovery-bill/.
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