Ticker

6/recent/ticker-posts

Financial Relief: From Child Care to School Reopening - America's Struggling Families

Image: Reference

 The American Rescue Plan gives the 1.9 trillion dollars to almost everyone affected by American families - from the unemployed to small businesses to troubled cities and states - with American families as the biggest winners and ready to benefit in many ways.

Some provisions of the law, such as the extended child tax credit, have already attracted much attention. But the move also provides funding for childcare, reopening schools, and distance learning, among other pillars of the social structure supporting child-rearing.

"This is a variable bill for families," says Catherine Gallagher, director of child care and early education at the Center for Law and Social Policy. "It's a game-changer."

Of course, the most popular provision of the ARP - such as extended unemployment benefits; 1,400 direct payments to adults and each of their children; Emergency rental assistance; And health care subsidies - also support families, Gallagher says. But Democrats in Congress went out of their way to extend a helping hand to children and families, especially in the low-income bracket hit hard by the pandemic.

Child tax credit eligibility was increased from 2,000 per child to, 3,600 per child below, for individuals earning more than $75000.

Most notably, the credit is repayable, meaning that even low-income Americans can receive a no, or less, full income allowance. These changes are expected to lift about 10 million children above or around the poverty line. While the extension only applies this year, Democrats have said they will try to make it permanent.

“This is a poverty buster,” says Gallagher.

Meanwhile, the Child and Dependent Care Tax Credit, which helps reduce childcare costs, was increased from 2,100 for one child to 4,000 or $ 8,000 for two or more children. Like a child tax credit, it is fully refundable, so low-income families can still benefit. And, families earning up to $125,000 are eligible for full credit with a cap of $15,000.

Yet the ARP includes a variety of family-centered initiatives:

K-12 receives $125 billion to safely reopen schools. The money is intended to provide additional space for social distance, and protection against state and local budget cuts.

$39 billion for child care, including $24 billion in financially stressful child care for personal protective equipment, rent, and mortgage payments, labor costs, and other costs. Another $15 billion will help subsidize child care costs for eligible families, an estimated 875,000 children.

Nearly 12 million public school children live in homes without an Internet connection or distance-learning device. The bill provides the Federal Communications Commission. $7.2 billion to ensure schools and libraries allow children to participate in distance learning.

The college will go to about $40 billion in colleges and universities, with half of the funding going to help students with college expenses and food, housing, and health care.

families face increasing stress during the Pandemic, the law provides $350 million for community-based child abuse prevention programs and services that address domestic violence.

A meal voucher program for 22 million children will be expanded during the summer. Meals will usually be provided at schools that are now closed.

Post a Comment

0 Comments