PRESS RELEASE: HOUSE OF REPRESENTATIVES PASSES OVERWHELMINGLY POPULAR AMERICAN RESCUE PLAN

FOR IMMEDIATE RELEASE
February 27, 2021

Contact:
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

HOUSE OF REPRESENTATIVES PASSES OVERWHELMINGLY POPULAR AMERICAN RESCUE PLAN

WASHINGTON, DC — The House of Representatives voted to pass the overwhelmingly popular American Rescue Plan. President Biden’s Covid relief package has earned vast, bipartisan support from votersbusiness leaders, economists, elected officials, and presidential advisors. 

Invest In America Action’s spokesperson Maddy McDaniel issued the following statement:

“After this vote in the House of Representatives, Congress is one step closer to giving millions of Americans a sorely needed lifeline.

“As the package moves to the Senate for approval, Senate Republicans should keep in mind that voting against the American Rescue Plan is voting against stimulus checks that put money directly in the pocket of their constituents who are struggling to pay rent and keep food on the table. It’s voting against unemployment insurance at a time when jobless claims are consistently surpassing the record highs of the Great Recession. It’s voting against funding to reopen schools and delivering resources state and local governments need to avoid laying off thousands of essential workers. It’s voting against funding to more quickly distribute vaccines.

“Republican lawmakers should think long and hard before playing politics and delaying getting struggling Americans the help they need.”

President Biden’s COVID relief plan would boost GDP by 4 percent by the end of 2021, according to a Brookings analysis. The robust plan provides for another round of direct stimulus checks, an expansion of unemployment insurance, and much-needed relief to state and local governments, renters and homeowners, and small businesses, among other key provisions.

Expert research shows that these measures are needed to rescue and grow the American economy.

  • Expanding unemployment insurance now would support more than 5 million jobs, and boost the GDP by 3.7%, according to the Economic Policy Institute.

  • Every dollar spent on unemployment insurance generates a $1.64 increase in GDP.

  • Every dollar invested in state and local aid generates $1.36 in GDP growth

  • Federal Reserve Chair Jerome Powell credited the stimulus checks and additional unemployment insurance passed in 2020 with a rebound in household spending.

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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