New ABC News/Ipsos poll finds 55-percent of Americans support Biden’s economic record, 64-percent support President’s American Rescue Plan
BONUS: 62-percent of Americans support the upcoming American Jobs Plan
INDIANAPOLIS – The Indiana Democratic Party, the organization that advocates for the future of Indiana and its families, today celebrated the continued support President Joe Biden’s American Rescue Plan and American Jobs Plan has from American voters. According to a new ABC News/Ipsos poll released yesterday, about 55-percent of voters support Biden’s economic record (which includes passing the American Rescue Plan), about 64-percent of Americans support the Rescue Plan and its relief during the pandemic, and about 62-percent of voters support the upcoming American Jobs Plan and its once-in-a-generation investment on the nation’s infrastructure system. A majority of Americans – including many Hoosiers – continue to support the Democrats’ agenda of delivering solutions to today’s most-pressing problems facing our families.
This support includes policies like the Child Tax Credit, which is estimated to have kept about 3 million children out of poverty through its first payment alone. The tax credit was made available to families through the American Rescue Plan, and because of the support from U.S. Congressmen André Carson and Frank Mrvan, about 80,000 Indiana kids will be lifted out of poverty via the Child Tax Credit. Indiana Democrats delivered for Hoosier families when every single Republican Member of Indiana’s Congressional delegation said “NO” to their future.
Check out the key points below on how the Child Tax Credit – paid for by the American Rescue Plan – is helping pull Hoosier families out of poverty:
Business Insider: Biden’s child tax credit kept 3 million children out of poverty in just its first round of payments
“The monthly payments the government started sending out to eligible families in July are already saving three million children from falling below the poverty line — and that’s just with one payment.
New research from Columbia University’s Center on Poverty and Social Policy finds that the first child tax credit payment has already contributed to the child poverty rate dropping from 15.8% in June to 11.9% in July, or a decline of 25%.
The authors note that this monthly decline was driven by the first advance child tax credit payment where the credit alone kept about three million children out of poverty. Families getting advance monthly payments are receiving up to $250 a month per child for children between 6 to 17 and up to $300 a month per child for children under 6 years old.” […]
“The Census Bureau’s Household Pulse Survey can also give some insight into how the child tax credit payments have been beneficial so far. Results from data collection from July 21 through August 2 showed 67.6% of adults in households that received a child tax credit in the past four weeks mostly spent it or to mostly pay down debt.
More lower-income families said they were mostly using it to pay down debt or mostly spending it compared to households with higher incomes. Based on the pulse survey, the child tax credit may have helped reduce the share of households with children who say they sometimes or often don’t have enough to eat.”
“Although the report notes 59.3 million children received the first payment, the child poverty rate could have dropped even more if all those that were supposed to receive it did.” […]
“The Urban Institute recently estimated how much the child poverty rate could drop with the expanded child tax credit and found “4.3 million fewer children would be in poverty in a typical year, representing over a 40 percent decrease in child poverty.”
Gregory Acs, one of the author’s of the Urban Institute report and vice president for income and benefits policy at the Urban Institute, told NPR’s Kelsey Snell that if the program continues beyond the expiration of other pandemic aid, the US could see a fall in child poverty by more than 40%.”