Latest Breaking News On - Alexandra cawthorne gaines - Page 1 : vimarsana.com
Poverty - Center for American Progress
americanprogress.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanprogress.org Daily Mail and Mail on Sunday newspapers.
Alexandra-cawthorne-gainesJustin-schweitzerBradley-hardyThe Path to Higher, More Inclusive Economic Growth and Good Jobs Getty/Justin Sullivan
Julia Cusick
Introduction and summary
Congress has passed massive COVID-19 relief legislation. Most of the economic discussion surrounding President Joe Biden’s American Rescue Plan (ARP) focuses on its delivery of urgently needed help to struggling families, businesses, and state and local governments. The primary impact of this legislation is thus on the demand side of the economy.
1 People, businesses, and state and local governments will get more income and therefore raise their spending—easy enough. But the ARP should also be seen as an important first step in tackling the lackluster supply side of the economy. An economy can only enjoy healthy, stable growth that generates sufficient jobs and resources for broadly shared prosperity if both supply and demand go up.
BostonMassachusettsUnited-statesUniversity-of-massachusettsAmericansAmericaAmericanBen-olinskyAlexandra-cawthorne-gainesTrevor-higginsRasheed-malikSeth-hanlonFamilies Will Receive Thousands More to Support Their Kids: What 'Game-Changing' New Child Tax Credit Means People 3/16/2021 © Provided by People Getty
"Game-changing" and "ground-breaking." That's how the expanded child tax credit — one of the myriad provisions in the $1.9 trillion American Rescue Plan Act signed by President Joe Biden on Thursday — is being hailed by anti-poverty advocates.
The impact of the expanded credit won't be fully felt for months, though some scholars have hypothesized that its implementation could help cut child poverty in half.
The provision will impact more than the most deeply impoverished by putting thousands of dollars into the pockets of many Americans, including those in the middle class.
CaliforniaUnited-statesCanadaIrvineAmericansAmericaAmericanAlexandra-cawthorne-gainesAlex-wong-gettyMitt-romneyLisa-gennetianCawthorne-gaines