This fact sheet provides an analysis of the poverty reduction effects of a set of policy elements in the American Rescue Plan Act of 2021, legislation to provide economic relief amidst the ongoing COVID-19 crisis. It projects annual poverty rates for 2021 for the US population as a whole and across age and racial and ethnic groups.
We find that a relief package containing enhanced Supplemental Nutrition Assistance Program (SNAP) benefits, unemployment benefits, family and child care tax credits, as well as direct cash payments could cut child poverty by more than half in 2021.
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