A woman with a child carries a box of food assistance she received from a food bank in Florida at the start of the pandemic. The American Rescue Plan to be signed into law by President Biden this week is projected to reduce the poverty rate by one-third, the Urban Institute estimates. The think tank originally estimated that around 13.7 percent of U.S. households would be in poverty for the year 2021; the new stimulus package would take that rate down to 8.7 percent. It would reduce child poverty by half.
People of color will benefit the most, they added, […]
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