Recovery Act Provisions Held Back Poverty Increase
Seven provisions in the Recovery Act that provided direct payments or tax credits to individuals and families reduced poverty by more than 4.5 million in 2009 and 7 million in 2010. These provisions included the Making Work Pay tax credit, improvements to the Child Tax Credit and Earned Income Tax Credit (EITC), temporary increases in Supplemental Nutrition Assistance Program (SNAP, formerly food stamp) benefits, and extended unemployment insurance benefits.
Despite Deep Recession and High Unemployment, Government Efforts - Including the Recovery Act - Prevented Poverty from Rising in 2009, New Census Data Show (Center on Budget and Policy Priorities, January 2011).
Poverty and Financial Distress Would Have Been Substantially Worse in 2010 Without Government Action, New Census Data Show (Center on Budget and Policy Priorities, November 2011).