ABSTRACT

Building an Equitable Recovery Requires Investing in Children, Supporting Workers, and Expanding Health Coverage   [open pdf - 0B]

From the Document: "The pandemic and its economic fallout have exposed glaring weaknesses in our nation's economy that leave millions of people unprotected in bad economic times and prevent them from fully benefiting from a strong economy in good times. The recovery legislation that policymakers will consider later this year (which might consist of one or multiple bills) provides a historic opportunity to build toward an equitable recovery where all children can reach their full potential, where workers in low-paid jobs and those with fewer job prospects have the supports to help them meet their needs and get ahead, and where everyone has access to affordable health coverage. [...] This paper outlines recommendations for a recovery package in three areas: [1] Investing in children, such as by permanently extending the Rescue Plan's Child Tax Credit improvements, expanding rental assistance, investing in good-quality child care and early education, and strengthening the federal food assistance programs. [2] Supporting workers and those struggling in the labor market, such as by permanently extending the Rescue Plan's Earned Income Tax Credit (EITC) expansion for low-paid adults without minor children at home, reforming unemployment insurance, and creating subsidized jobs. [3] Expanding health coverage, such as by enhancing financial assistance to help people afford marketplace coverage. In addition, the recovery package should raise substantial revenue and begin to build toward a more adequate and equitable revenue system that can support the investments necessary to broaden opportunity and improve well-being."

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Date:
2021-03-24
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Copyright:
Center on Budget and Policy Priorities
Retrieved From:
Center on Budget and Policy Priorities: https://www.cbpp.org/
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application/pdf
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