SYRACUSE, N.Y. (WSYR-TV) — Senate Majority Leader Charles Schumer stopped by Syracuse Tuesday afternoon following the passage of the new COVID relief bill in the Senate. “Help is on the way,” said Schumer as he outlined the details of the American Rescue Plan.
First, Schumer said that this bill will give more than 700,000 households in the region much-needed relief in the form of Economic Impact Payments. Individuals who make up to $75,000 per year will receive $1,400 or couples making up to $150,000 per year will receive $2,800. In addition, families could receive an additional $1,400 per child and adult dependent. For Syracuse’s population, 30.5% are living below the poverty line and Senator Schumer said this relief is particularly critical for those who are struggling to pay for daily expenses.
“For thousands of Central New Yorkers and their families, this much-needed and new round of economic stimulus payments will come just in time to help cover the costs of essential expenses like food, rent, the mortgage, even medical bills,” said Senator Schumer. “And today, I can tell each and every New Yorker that more than $22 billion dollars is on the way and these direct payments will be in their bank accounts in approximately two weeks because as soon as the president can sign the American Rescue Plan into law, the work will begin to get the checks out.”
For families with children, the Child Tax Credit will increase from $2,000 to $3,000 per child age 6 to 17. For children below the age of 6, the credit is $3,600. Schumer says an estimated 3.56 million kids across New York will benefit from the expanded tax credit.
For those without children, the bill strengthens the Earned Income Tax Credit for workers who are in lower-paid but essential jobs on the frontlines of the COVID-19 pandemic response.
Rental assistance, a tool Schumer says is necessary to fight poverty, is also included in the American Rescue Plan. Onondaga County will receive $10 million and the City of Syracuse will receive $7 million to combat homelessness.
Additionally, as part of the Schumer-led American Relief Plan, more than $23.8 billion will flow directly to New York state government(s) – including $126 million for the city of Syracuse, $90 million for Onondaga County, and over $34 million for county towns and villages – in addition to increasing education funding, transit funding and highways, vaccine distribution, COVID health funding, emergency rental, and housing assistance and more.
The impact of the American Relief Plan on New York appear in the breakdown below. These numbers are tentative:
Funds for New York
- State and Local Fiscal Relief for New York: $23.8 Billion
- Medicaid FMAP Increase: $2.7 Billion($2.1 billion already delivered from Schumer pushing President Biden to extend through the end of the calendar year, in addition to approximately 600 million from a targeted enhanced FMAP for home and community-based services from this legislation)
- Transit Agency Funding: $7+ Billion
- Airport Funding: $418 Million
- Amtrak Relief: $1.7 Billion (Relief for Amtrak to help maintain operations and other expenditures during the pandemic, especially in New York.)
- Airline Payroll Support Program Enhancement: $15 Billion (The CARES Act Airline Payroll Support Program which will save thousands of New York airline and airline contractor jobs by keeping workers on payroll without furloughs or reducing pay rates and benefits until March 31, 2021 New York will receive sizable share of these funds.)
- K-12 and Higher Education Funding: $11.9 Billion
- Child Care and Help for NY Families: $5.3 Billion
- Enhanced Unemployment Benefits for NYers: $21.7 Billion
- Direct Payments to NYers: $22 Billion
- New Covid-19 Vaccine Procurement and Testing: $4 Billion
Funds Available to Businesses Across New York:
- Small Business, Restaurant, and Live Venue Relief: $57.8 Billion
- Broadband Connectivity: $632 Million