One Year of President Biden’s American Rescue Plan: Delivering Results for Working Families Across the Country
FOR IMMEDIATE RELEASE: March 11, 2022
PRESS CONTACT: [email protected]
ONE YEAR OF PRESIDENT BIDEN’S AMERICAN RESCUE PLAN: DELIVERING RESULTS FOR WORKING FAMILIES ACROSS THE COUNTRY
WASHINGTON, D.C. — Building Back Together Executive Director Danielle Melfi released the following statement on the one-year anniversary of President Biden signing the American Rescue Plan into law:
“When President Biden took office, the United States was facing an unprecedented economic and public health crisis. That’s why the Biden-Harris Administration got to work immediately to pass the American Rescue Plan. One year later, its positive impact has never been more clear: kids are back in school, workers are back on the job, and over 75 percent of adults are now fully vaccinated.
“Through the American Rescue Plan, 171 million stimulus checks were delivered to Americans across the country, roughly 35 million households received monthly checks of up to $300 per child through the expanded Child Tax Credit, and over 17 million workers received relief funding through the expanded Earned Income Tax Credit. Small business owners received billions in funding to help them emerge from this crisis stronger. President Biden’s legislation laid the groundwork for the start of our economic recovery, including record high job creation and economic growth, with data showing that incomes for all Americans on average rose by 5.6% in 2021, while incomes for the bottom 50% rose by 10.9% – after adjusting for inflation.
“President Biden understands that the last two years have been difficult for all Americans and that we still have work to do. But thanks to the leadership of President Biden, Vice President Harris, and Democrats in Congress, we have the tools to keep Americans safe from COVID-19 and a common sense approach that allows us to move forward without additional restrictions or lockdowns. Now, we’re calling on Congress to build on this progress, pass the President’s plans to lower costs for American families, and build a better America for us all.”