“It is the dark truth of recoveries that many people don't recover,” they added, pointing to the drop in long-term unemployment over the last year as one positive example of the ARP’s impact. One senior administration official said the ARP has “minimized … economic scarring” despite the pandemic. This week the White House touted ARP programs like the child tax credit expansion and the subsidies for health insurance plans that boosted enrollmentĪs of early January, more than 90% of ARP funds “legally available” under the legislation had either been obligated or allocated to specific programs, a White House official told Spectrum News.Ībout 9% that remained unobligated was “by design,” the official added, including things like money set aside to renew emergency housing vouchers that were previously awarded and funds reserved to reimburse states’ COVID-19 spending with federal dollars.The Biden administration has admitted the relief bill has had some impact on inflation, but they also say it was critical to an equitable pandemic recovery.But as the administration faces criticism for the highest inflation rate in decades, many Republicans also blame the infusion of billions of dollars in federal funds from the American Rescue Plan (ARP).
One year after President Joe Biden signed Democrats’ $1.9 trillion coronavirus spending bill into law, the majority of the funds have gone out.
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