The US bailout worked

When schools began to reopen in 2021 and the cost of childcare soared, Carolyn worried she would not be able to afford before and after school childcare for her son in the state of Washington. Thanks to the American Rescue Plan’s child tax credit, Carolyn and millions of American families have been able to pay for this care. While the program was temporary, it was one of the many ways the bailout had a positive impact on supporting American families.

As we approach the first anniversary of President BidenJoe BidenBiden expected to call for end of normal trade relations with Russia Senate avoids shutdown, spends 0.6 billion in Ukraine and GOP senators urge Biden to accelerate the transfer of air power and air defense systems to the MORE Signing the US bailout into law, obvious questions include: How did that help? Where or who did he help the most? Most importantly, did the $1.9 trillion bill do what Congress and the President intended? Has it helped Americans get back to work and rebuild communities in an effort to reduce inequalities that have been magnified during the COVID-19 pandemic?

The one-year progress report shows the remarkable short-term results achieved and paves the way for positive long-term impacts. According to financial experts from Moody’s, the bailout created four million new jobs. Additionally, the nation is “currently on track to recover all jobs lost during the pandemic by the second quarter of 2022.” Without the legislation, America would have nearly faced stagnant unemployment and a double-digit recession in 2021. The US bailout has worked and continues to support communities and families across the country.

Another key provision of the bailout was its unprecedented investments in tribal nations, states, counties and cities to rebuild in a way that is more equitable and works for all Americans. We knew that truly building a better America required flexible federal support, and Congress believed that local leaders such as governors, county executives, mayors and legislators could invest in solutions tailored to the needs of their constituents. We knew that communities like the town of Lakewood, Washington, or New Castle County, Del., would have very different needs and priorities.

This $350 billion investment, defended by federal partners, has given state and local leaders a unique opportunity to address immediate and long-term issues.

In Phoenixmayor Kate GallegoKate GallegoSinema tracks top potential challengers in progressive poll How the US could help Australia scale up climate action The Hill’s Morning Report – Bidens to visit Surfside, Florida site collapse MORE responded to immediate needs by establishing a mobile COVID-19 testing and vaccination site, partnering with religious and community leaders to bring health care to underserved areas. Given the success of this project, the city used bailout funding to equip a mobile workforce development unit where residents receive help with job applications and even participate in Zoom interviews.

In Columbus, Ohio, the city used the funds to address rising child care costs and a shortage of child care staff. City Council Speaker Shannon Hardin and Councilor Elizabeth Brown have led an effort to offer signing bonuses to new child care workers to ensure the industry has the workforce to fully recover. , while providing scholarships to hundreds of low-income families. They knew that to support families in their community and to avoid more childcare desertsthey had to act quickly.

Other cities are using bailout funds to tackle the digital divide. Before the pandemic, 79% of white adults had broadband access at home, compared to 66% of black adults and 61% of Hispanic adults. After COVID caused school closures and a shift to working from home, a study by rice university 1 in 10 white parents reported difficulty with internet and/or digital access, compared to 1 in 3 black families and 1 in 4 Hispanic families. And even before COVID, a NTIA A survey indicated that AAPI families were 4% less likely to go online than their non-Hispanic white peers.

As we examine the long-term potential of the bailout, we can look to Brownsville, Texas, where Mayor Trey Mendez took office in one of America’s most poorly connected cities in 2019. city ​​chose to use these funds to build 95 miles of infrastructure and bring broadband to some of the region’s most underserved communities.

These are just a few examples of how the bailout is having a positive impact across America. A new report from NewDEALthat supports a network of innovative state and local leaders, provides a repository of these projects. State and local governments are investing in a wide range of initiatives that best meet their needs: from infrastructure to health care, housing, workforce development and small businesses. Overall, local governments have launched more than 2,300 projects under the U.S. bailout, according to the Brookings Institute.

There is no doubt that the recovery from COVID-19 and its many variants has been uneven. We still have a lot of work ahead of us, from the halls of Congress to the town halls.

But the US bailout worked. We are already seeing how investments over the past year are building a better future for all Americans.

Marilyn Strickland represents Washington’s 10th District and is Honorary Co-Chair of NewDEAL. Debbie Cox Bultan is CEO of NewDEAL.

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