Study: Biden’s Relief Plan Would Halve Child Poverty
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That’s how much the child poverty rate would be reduced this year if some of the key components of the president’s $1.9 trillion economic relief package are enacted, one analysis shows.
Key measures in President Joe Biden’s pandemic relief proposal—including extending and increasing temporary federal unemployment benefits, boosting the child tax credit to up to $3,600, and distributing another $1,400 stimulus check—would more than halve the projected child poverty rate in 2021, reducing it to 6.6% from 13.4%, according to a recent analysis by researchers at Columbia University.
Democratic lawmakers are busy fleshing out the details of the rescue package and aim to get it passed by mid-March. Biden has touted it as much-needed life support for an economy struggling to recover the jobs lost during the COVID-19 pandemic. Columbia’s study shows the bill would indeed help blunt the pandemic’s impact, reducing the overall 2021 poverty rate to 9% from 12.6%.