We approach both the second anniversary of the $1.9 trillion American Rescue Plan on Saturday — and the 55th anniversary of Dr. Martin Luther King's speech.
has called "modern supply-side economics" — expanding our nation's economic capacity by investing in its human capital, labor supply, public infrastructure, and sustainability — especially in underserved communities.
This started with policies like the Advance Child Tax Credit, which under the Rescue Plan offered monthly payments to families and helped lift 3.5 million children out of poverty. In addition, actions to prevent evictions such as the Emergency Rental Assistance program, which provides rental payment support to families at risk of eviction, contributed to the prevention of more than 1.3 million evictions during the pandemic.
President Biden's policies have sought to address this challenge head-on. Last year, I visited Orlando, Florida, where the mayor took me on a tour of a workforce training center funded by the President's American Rescue Plan.
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