ICYMI: INVEST IN AMERICA ACTION FEATURED ON SIGNAL BOOST

On March 14 — 10 Days From Now — More Than 11 Million Workers Will Begin to Lose Unemployment Benefits

Today, Zac Petkanas, senior advisor to Invest in America Action, joined Jess McIntosh and Zerlina Maxwell on Sirius XM’s Signal Boost to discuss the urgency of passing the American Rescue Plan, which has earned vast and bipartisan support from the American people. Listen to the full interview here

While Senate Republicans, including Senators Rand Paul and Ron Johnson, threaten procedural tactics to delay passage of this crucial Covid relief bill, state and local governments are facing revenue shortfalls of $300 billion by 2022, more than 11 million workers are at risk of losing their unemployment insurance, and schools are struggling to reopen safely.

KEY POINTS: 

“On March 14, expanded unemployment benefits begin to run out for people, and we’re talking about the only thing that families have to put food on the table, to pay the rent, to pay the bills. That starts phasing out on March 14.”

“There really is a stop clock for Congress. Every day counts because if they miss this by one day, that means people are going to miss out on the checks they need in order to survive.”

“State and local governments are in dire need — red state and blue state state and local governments […] If you actually put up the numbers of where the money is going, nearly $180 billion goes to states that either Trump won, states with a Republican governor, or states with at least one Republican senator. That’s over half of the money.

In addition to creating catastrophe for millions of American workers, failure to deliver economic relief immediately spells disaster for state and local governments.

Both states represented by Democrats and states represented by Republicans are suffering under the pandemic and need the American Rescue Plan. 

  • Nearly $180 billion of the $350 billion state and local funds would go to states that President Trump won in 2020, states with Republican governors, and states with at least one Republican senator.

  • majority of states saw tax revenues decline in 2020. In reality, a number of red states are faring much worse than blue states: 

    • Alaska’s revenue is down 42.5%

    • North Dakota’s revenue is down 14.8%

    • Florida’s revenue is down 11.3% 

    • Texas’ revenue is down 10.4%

  • The American Rescue Plan, which allocates support to states based on unemployment rates, would ensure that federal aid reaches the communities that need it the most.

 

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