Our last distinct category is transportation. In our chart, we fold all of that, plus subsidies for pensions and health insurance premiums, into the category of support for families. The expected cost of temporarily boosting the child tax credit is $109 billion. There is $10 billion to put food on people’s tables. Money to keep people in their homes and to house the homeless comes to about $44 billion. The law has over $40 billion for child care. The bill’s total cost is $1.86 trillion, which leaves about $500 billion to flesh out. Republicans argued that the bill spent less than 10% of its total cost on COVID-19.Īll of the amounts so far come to $1.3 trillion over 10 years. Democrats touted the $20-25 billion they included for vaccine supplies and research. The money for vaccines and corralling the coronavirus became a political talking point. That includes $129 billion for K-12 schools - both public and private - and about $40 billion for higher education. Over the next 10 years, the law spends nearly $170 billion on education. The bill boosts and extends unemployment benefits. That comes to about $410 billion.Īid to state, local, territorial and tribal governments costs about $360 billion. There are the $1,400 checks (or more likely deposits) to many citizens or permanent legal residents and their dependents. In response to a reader’s request, we present the whopping $1.86 trillion spending plan in pie chart form. There are a few big chunks of money in the American Rescue Plan Act that have generated a lot of news coverage and are pretty well known.
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