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



''The pandemic and the associated economic crisis have had a severe impact on Texas. The need for action is clear:''
 * Since the pandemic began, more than 2,686,818 people have been infected with COVID-19 and more than 44,451 people have died.
 * The unemployment rate is 6.9%, up from 3.7% before the pandemic.
 * Since February 2020, more than 500,432 fewer people are employed.
 * 2,316,000 adults – 13% of all adults in the state – report not having enough food to eat. This includes 1,359,000 adults living with children, or 18% of all adults living with children, who report that the children in their household do not have enough to eat.
 * An estimated 1,223,000 renters or 18% of renters are not caught up on rent.
 * An estimated 7,825,000 adults or 40% of all adults statewide report having difficulty covering normal household expenses.

President Biden’s American Rescue Plan will provide Texas with:
 * $15.959 billion in state fiscal relief
 * $11.587 billion in local fiscal relief
 * More than $12.697 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 17,283,400 adults and 8,098,300 children. This is 88% of all adults in the state and 88% of all children in the state.
 * Additional relief of up to $1,600 per child through the Child Tax Credit to the families of 6,696,000 children, lifting 503,000 children out of poverty
 * Additional relief of up to nearly $1,000 through the Earned Income Tax Credit to 1,404,000 childless workers, including many in frontline jobs
 * Marketplace health insurance premiums that are $1,321 lower per month for a 60-year old couple earning $75,000 per year