Page:American Rescue Plan Fact Sheet - Impacts on Maryland.pdf/1



''The pandemic and the associated economic crisis have had a severe impact on Maryland. The need for action is clear:''
 * Since the pandemic began, more than 388,035 people have been infected with COVID-19 and more than 7,963 people have died.
 * The unemployment rate is 6.8%, up from 3.5% before the pandemic.
 * Since February 2020, more than 283,854 fewer people are employed.
 * 382,000 adults –10% of all adults in the state – report not having enough food to eat. This includes 19,000 adults living with children, or 6% of all adults living with children, who report that the children in their household do not have enough to eat.
 * An estimated 218,000 renters or 17% of renters are not caught up on rent.
 * An estimated 1,409,000 adults or 33% of all adults statewide report having difficulty covering normal household expenses.

President Biden’s American Rescue Plan will provide Maryland with:
 * $3.8 billion in state fiscal relief
 * $2.0 billion in local fiscal relief
 * More than $2.013 billion in relief for K-12 schools
 * Economic impact payments of up to $1,400 per person (above the $600 per person provided in December) for more than 3,386,800 adults and 1,239,800 children. This is 79% of all adults in the state and 76% of all children in the state.
 * Additional relief of up to $1,600 per child through the Child Tax Credit to the families of 1,125,001,125,000 [sic] children, lifting 52,000 children out of poverty
 * Additional relief of up to nearly $1,000 through the Earned Income Tax Credit to 257,000 childless workers, including many in frontline jobs
 * Marketplace health insurance premiums that are $943 lower per month for a 60-year old couple earning $75,000 per year