Last Updated on January 25, 2024 by Lori Pace
The Covid-19 pandemic, which has ravaged the U.S. and around the globe for the past year, has created an economic crisis for many families. Over 20 million Americans had COVID and 370,000 people died. Both small and large cities have many Americans struggling to recover. Additionally, the American healthcare system has racial inequalities. This is a call for more than just containing the disease. President Joe Biden created this plant to save the American economy. Biden plans to invest in America and push for recovery by creating more jobs and building back better. The American Rescue Plan, a 1.9 trillion Covid-19 package that seeks to improve the lives of families in crisis, including single mothers and their children, is the Covid-19 stimulus package. This article will explain the contents of the plan and how it will benefit single mothers in America.
Elements Of The American Rescue Plan
The President of the United States knows that economic and public health crises can worsen if the economy is not saved and the coronavirus is contained. The American Rescue Plan aims to address the Covid-19 pandemic and facilitate economic recovery. It also aims to advance racial equality in America. There is a chance that this plan will bring down child poverty by at least 50% if it succeeds.
Mount A National Vaccination Program
Current vaccination efforts do not suffice to rapidly and fairly vaccinate the vast majority of U.S. citizens. We need to ensure that people on the ground are able to receive vaccinations. President Trump’s proposal calls for a $20 billion investment in a national vaccine program that will work in partnership with all states, territories, Tribes, and localities.
These funds are for the establishment of community vaccination centers across the country, and to deploy mobile vaccination units in difficult-to-reach places. The Biden Administration will ensure that all Americans, regardless of immigration status, have access to the vaccine at no cost and no cost. The President will work with Congress to increase the Federal Medicaid Assistance Percentage to 100% to ensure all Medicaid enrollees have their vaccines.
Direct Financial Payments For Families
Are you making less than $75,000 annually in income? Single mothers can receive up to $1,400 in direct financial payments. This will increase the initial $600 payment. As requested by Donald Trump, the goal is for the stimulus payment to reach $2,000 as originally requested. The amount that is paid to those with incomes above $75,000 will be reduced until they earn $80,0000. As the economy recovers, single mothers will be able to receive financial assistance to help them.
Extending Pandemic Unemployment Assistance (PUA)
When he created the American Rescue Plan, President Joe Biden kept unemployed people in mind. The Plan aims to increase unemployment benefits by increasing weekly payments by $300 and extending unemployment benefits until September. This is fantastic news for single mothers who were due to lose their benefits in March and are long-term unemployed. Single mothers earning less than $150,000 will receive their first $10,200 2020 benefit without taxes.
Support To Parents by Extending Child Tax Credits
The American Rescue Plan acknowledges the struggles single mothers and parents are facing now that the economic crisis has hit hard. Parents with children under 18 years old will be eligible for monthly benefits of $200-300. This package will provide benefits ranging from $200-300 per month to parents with children under the age of 18. However, the number of benefits you receive will depend on how old your children are.
This plan will increase the value of the child credit, which is currently worth $2,000 to $3600 annually, and will make it available in advance to single mothers. This bill increases the amount of childcare-related expenses that single mothers can claim from their annual tax bill. These benefits will help single mothers cope with their daily challenges as many have additional childcare responsibilities now that schools are closed due to the pandemic.
Support To Schools And Universities To Facilitate Reopening
The American Rescue Plan has set aside $170 billion for schools and universities to reopen. These funds can be used for cleaning supplies, face masks, ventilation system upgrades, building new classrooms, and increasing the number of students in one class. President Joe Biden created this plan. It is important because this has prevented many single mothers and other parents from working, as they must take care of their children at home.
Provide $130 billion To Help Schools Safely Reopen
Schools require flexible resources to safely reopen schools and allow them to operate remotely. President Obama’s plan is to provide $130 billion for schools to help them reopen safely. These funds can be used for reducing class sizes, modifying spaces so that students and teachers can be socially distant; hiring more janitors to implement mitigation measures; personal protective equipment; ensuring every school has access the nurse; increasing transportation capacity to facilitate social sitting on the bus; providing counseling support to students in their transition back into the classroom; closing the digital divide that is exacerbating inequality during the pandemic; creating and expanding community schools; and covering other costs necessary to support safe reopening and supporting students. This money will be used to provide support for students from low-income communities, which have been most affected by COVID-19.
Expand The Higher Education Emergency Relief Fund
President Obama’s plan will provide critical resources for colleges to implement public health protocols, create distance learning plans, and grant emergency aid to students in crisis. The $35 billion will go to public institutions including community colleges and public and private Historically Black Colleges and Universities and other Minority Serving Institutions. Millions of students will receive an additional $1700 in financial aid from their college thanks to this funding.
Hardest Hit Education Fund
Governors are required to provide $5 billion to support education programs and students who have been significantly affected by COVID-19. This includes K-12 education as well as higher education.
Support For Businesses
Businesses are still vital to the U.S. economy and the plan does not leave them behind. The American Rescue Plan has set aside $28.6 trillion for the new Restaurant Revitalization Fund Program. This program will provide up to $10,000,000 in pandemic assistance grants to each company to cover costs related to space, utilities, payroll, and other business-related expenses. A further $7.25 billion is provided for the Paycheck Protection Program (PPP). This loan will allow single mom-owned non-profit organizations to apply for forgivable loans to grow and pay their payroll and operating costs.
Provision For Paid Leave And Health Insurance Support
Employers can use the American Rescue Plan to offer sick leave to coronavirus-infected workers. People at high risk of contracting this virus as well as those who care for them should be entitled to sick leave. This plan will allow more Americans to purchase health insurance coverage on their own. Workers receive $1,400 in weekly paid leave benefits. To help parents who care for children or their loved ones who are sick or have been exposed to COVID-19, the president will offer over 14 weeks of paid family and medical leave.
