How Democrats' COVID-19 relief bill will affect Americans across income brackets, in one chart

(Image credit: Sarah Silbiger/Getty Images)

published 8 March 2021

The Tax Policy Center broke down how the Democrats COVID-19 relief bill, which will likely be signed into law this week by President Biden, will affect Americans across income brackets in one easy-to-read chart on Monday.

In its analysis, TPC compared the American Rescue Plan's expected tax relief to that of the 2017 Republican-led Tax Cuts and Jobs Act, which also passed through the Senate along party lines with a simple majority vote thanks to a procedural tool called budget reconciliation. This time around, the vast majority — nearly 70 percent — of the tax benefits from the ARP will go to low- and moderate-income households, which includes those making $91,000 per year or less. Nearly half of the TCJA cuts, on the other hand, went to the top 5 percent of earners, which that year included those who made more than $308,000.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Explore More

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.

Subscribe to The Week

Sign up for The Week's Free Newsletters

Sign up for Today's Best Articles in your inbox