COVID-19 watch
Tracking Hardship - May 22, 2020
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Week after week, the toll of the pandemic grows, damaging the health and economic security of millions. About one-half of adults either lost paid work or live with someone who did. Shocking numbers are running out of food or unable to pay rent. Economists tell us high unemployment will persist through 2021. If states and localities don’t get federal help, services and jobs will be slashed. The Senate must join the House in enacting COVID recovery legislation similar to the House’s HEROES act.
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People with children in households with lost earnings that couldn’t afford enough food in the past week; 3 times as many as in households with children with no earnings loss (3 million). Tweet this/ Facebook share.
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Will gain $1.6 million each, on average, from a Millionaire’s Give-away tax loophole – but not if the repeal of it included in the House-passed HEROES bill passes the Senate. Tweet this/ Facebook share.
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CBO’s estimate of annual unemployment rate in 2021, lower than this year’s average of 11.5%, but 2.5 times higher than in 2019 (3.7%). Tweet this/ Facebook share.
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Shortfall in state funding over 3 years because of the pandemic that will force huge cuts in education, health care, public safety and other services if Congress doesn’t act. Tweet this/ Facebook share.
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The margin by which voters say funding for education, health care and other public services is more important than keeping down government spending and debt. The same survey found that 84% of voters favor a $1 trillion federal aid package for states, cities and towns, which the HEROES Act would provide.Tweet this/ Facebook share.
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