American Rescue Plan Fact Sheet: Impact on Maryland

by Joseph Robinette Biden

The American Rescue Plan: Impacts on Maryland

The Need for Action in Maryland

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

• Since the pandemic began, more than 388,035 people have been infected with COVID-19 and more than 7,963 people have died.
• The unemployment rate is 6.8%, up from 3.5% before the pandemic.
• Since February 2020, more than 283,854 fewer people are employed.
• 382,000 adults –10% of all adults in the state – report not having enough food to eat. This includes 19,000 adults living with children, or 6% of all adults living with children, who report that the children in their household do not have enough to eat.
• An estimated 218,000 renters or 17% of renters are not caught up on rent.
• An estimated 1,409,000 adults or 33% of all adults statewide report having difficulty covering normal household expenses.

The Effect of the American Rescue Plan on Maryland

President Biden’s American Rescue Plan will provide Maryland with:

• $3.8 billion in state fiscal relief
• $2.0 billion in local fiscal relief
• More than $2.013 billion in relief for K-12 schools
• Economic impact payments of up to $1,400 per person (above the $600 per person provided in December) for more than 3,386,800 adults and 1,239,800 children. This is 79% of all adults in the state and 76% of all children in the state.
• Additional relief of up to $1,600 per child through the Child Tax Credit to the families of 1,125,00 children, lifting 52,000 children out of poverty
• Additional relief of up to nearly $1,000 through the Earned Income Tax Credit to 257,000 childless workers, including many in frontline jobs
• Marketplace health insurance premiums that are $943 lower per month for a 60-year old couple earning $75,000 per year