With the one-year anniversary of President Biden’s American Rescue Plan celebrated earlier this month (without the support of our GOP House and Senate representatives), here’s a breakdown of how the federal law has benefited citizens of North Carolina:
1,188,000 North Carolina families with 1,968,000 children received tax cuts from the American Rescue Plan’s expanded Child Tax Credit, which averaged to $436 a month per family, totaling more than $2.99 billion in tax cuts in 2021.
$183.3 million in FY2022 for home energy assistance through the Low-Income Home Energy Assistance Program, which saw its funding double because of the American Rescue Plan.
Over 670,000 people are now seeing reduced health care costs through the Health Insurance Marketplace, and coverage saw a 25% increase since the American Rescue Plan passed.
Approximately $432 million for community colleges and over $307 million for 10 Historically Black Colleges and Universities
$258 million in Emergency Rental Assistance Program funding from April to November of 2021, helping 4,211 households afford rent and pay bills because of the American Rescue Plan.
$1.31 billion in 2021 from Childcare Development Fund allocations and childcare stabilization funding through the American Rescue Plan.
5,250,385 economic impact payments from the American Rescue Plan, each worth up to $1,400 per person and totaling more than $12.6 billion went to North Carolinians as of June 2021
$5.44 billion in funding in state and local government fiscal recovery fund allocations from the American Rescue Plan.
$3.6 billion in Elementary and Secondary School Emergency Relief funding to help North Carolina schools safely remain open during the pandemic.
$161,988,125 in funding to 39 health centers to expand vaccinations, testing and treatment efforts for COVID-19.
Comments