I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
Report: Stimulus helped New Mexicans with poverty standing
A study by the Center on Budget and Policy Priorities (CBPP) finds that the stimulus package helped lift tens of thousands of New Mexicans over the poverty line. The American Recovery and Reinvestment Act (ARRA) also helped more than 200,000 with their “severity of poverty.”
The study “examine[d] the effect on poverty of seven ARRA provisions: the expansion of three tax credits for working families, two provisions that strengthen unemployment insurance assistance, a provision that boosts food stamp benefits, and a one-time payment for retirees, veterans, and people with disabilities” in a number of states, including New Mexico.
The seven provisions used by the center only cover “about one-fourth of the recovery act’s total spending.”
The study found that ARRA Act kept 6 million Americans out of poverty, including between 38,000 and 70,000 New Mexicans.
The study defined being kept out of poverty as if a family’s “estimated income is below the poverty line without the recovery act provisions but above the poverty line with the provisions.”
The CBPP is a liberal-leaning think tank based in Washington D.C.