The American Rescue Plan: Impacts on Florida The Need for Action in Florida

The pandemic and the associated economic crisis have had a severe impact on Florida. The need for action is clear:

  • Since the pandemic began, more than 1.9 million people have been infected with COVID-19 and more than 31,000 people have died.
  • The unemployment rate is 5.1%, up from 3.3% before the pandemic.
  • Since February 2020, more than 582,000 fewer people are employed.
  • 1.9 million adults – 9% of all adults in the state – report not having enoughfood to eat. This includes 953,000 adults living with children, or 19% of all adults living with children, who report that the children in their household do not have enough to eat.
  • An estimated 1 million renters or 21% of renters are not caught up on rent.
  • An estimated 6 million adults or 38% of all adults statewide report havingdifficulty covering normal household expenses.The Effect of the American Rescue Plan on FloridaPresident Biden’s American Rescue Plan will provide Florida with:
  • $9.2 billion in state fiscal relief
  • $7.6 billion in local fiscal relief
  • More than $7 billion in relief for K-12 schools
  • Economic impact payments of up to $1,400 per person (above the $600 perperson provided in December) for more than 14 million adults and 4.9 million children. This is 89% of all adults in the state and 89% of all children in the state.
  • Additional relief of up to $1,600 per child through the Child Tax Credit to the families of 3.8 million children, lifting 272,000 children out of poverty
  • Additional relief of up to nearly $1,000 through the Earned Income Tax Credit to 1.3 million childless workers, including many in frontline jobs
  • Marketplace health insurance premiums that are $1,410 lower per month for a 60-year old couple earning $75,000 per year