American Rescue Plan Fact Sheet: Impact on New Hampshire

by Joseph Robinette Biden

The American Rescue Plan: Impacts on New Hampshire

The Need for Action in New Hampshire

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

• Since the pandemic began, more than 76,861 people have been infected with COVID-19 and more than 1,184 people have died.
• The unemployment rate is 3.8%, up from 2.6% before the pandemic.
• Since February 2020, more than 16,632 fewer people are employed.
• 66,000 adults – 7% 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 37,000 renters or 15% of renters are not caught up on rent.
• An estimated 240,000 adults or 24% of all adults statewide report having difficulty covering normal household expenses.

The Effect of the American Rescue Plan on New Hampshire

President Biden’s American Rescue Plan will provide New Hampshire with:

• $1.419 billion in state fiscal relief
• $439 million in local fiscal relief
• More than $362.2 million 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 837,000 adults and 246,500 children. This is 82% of all adults in the state and 74% of all children in the state.
• Additional relief of up to $1,600 per child through the Child Tax Credit to the families of 222,000 children, lifting 8,000 children out of poverty
• Additional relief of up to nearly $1,000 through the Earned Income Tax Credit to 71,000 childless workers, including many in frontline jobs
• Marketplace health insurance premiums that are $985 lower per month for a 60-year old couple earning $75,000 per year