Allred Applauds House Passage of American Rescue Plan Act
Washington, D.C. – Today, Congressman Colin Allred (TX-32) voted to pass the American Rescue Plan Act. When signed into law, this bill will establish a national vaccination program as well as support comprehensive testing and tracing, put money in the pockets of Americans and provide relief for small businesses, and, through investments in doing so safely, get kids back in school and people back in jobs.
“North Texas families, workers, and small businesses have been hard hit by this pandemic and I’m glad that much-needed help will soon be on its way to our region,” said Allred. “The American Rescue Plan will make a real and immediate difference for folks struggling through no fault of their own, will get people back to work and kids back in school by distributing the vaccine efficiently and containing the spread of this virus, and will make sure that the hardest hit businesses have what they need to weather this crisis and build back better.”
The American Rescue Plan:
Administers support to help stop the spread of the virus: The plan will mount a national vaccination program that includes setting up community vaccination sites nationwide and includes funding to protect Americans in the meantime by scaling up testing and tracing, addressing shortages of personal protective equipment and other critical supplies, investing in high-quality treatments, and addressing health care disparities.
Provides additional direct payments: The package provides a new round of economic impact payments of up to $1,400 per adult and per child, meaning a family of four could receive up to $5,600.
Includes additional assistance for airline industry workers: The agreement provides an additional $15 billion for the Payroll Support Program, with 100% of the funding going directly to airline workers.
Gives aid to hardest hit businesses: The American Rescue Plan Act will establish a $28 billion Restaurant Revitalization Fund to provide targeted relief to restaurants and bars who have been especially impacted by this pandemic. Changes to the PPP program also prioritize second draw loans for companies that have 20 or fewer employees.
Supports state and local governments: Provides urgent funding to help communities across the country battle the coronavirus, restore critical services to struggling families, and help save jobs. From this bill, it is estimated that Dallas County will receive $511 million, the city of Dallas will receive $377 million, the city of Garland will receive $56 million, and the city of Richardson will receive $26 million.
Strengthens Earned Income Tax Credit and Child Tax Credit: This package includes funding for increasing the Child Tax Credit to $3,000 for children over 6 and $3,600 for children 6 and under, which would lift 4.1 million American kids above the poverty line, including half a million Texas children.