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Photo: Chip Somodevilla/Getty Images

President Biden's $1.9 trillion COVID-19 relief package will give the poorest 20% of Americans a 20% boost in income, according to an analysis by the non-partisan Urban-Brookings Tax Policy Center.

Why it matters: Biden and Democrats have touted the "American Rescue Plan" as one of the most impactful anti-poverty bills of this era. Sen. Bernie Sanders (I-Vt.) dubbed it "the most significant piece of legislation to benefit working people in the modern history of this country."

Details: The legislation would lower federal taxes in 2021 by an average of $3,000, while raising net incomes by some 3.8%, per the analysis.

  • Families with children would see their taxes cut by an average of more than $6,000.
  • On a national scale, the relief package would cut taxes by some $467 billion in 2021, and about $590 billion over 10 years.

The big picture: "Simply in terms of whose taxes are cut, the bill is in stark contrast to the 2017 Tax Cuts and Jobs Act" writes Urban Tax Policy Center fellow Howard Gleckman.

  • People making $91,000 or less would get nearly 70% of the tax benefits from the package, Gleckman writes. The Republicans' 2017 bill signed by former President Trump saw nearly half of its tax cuts go toward people in the top 5% of income earners.

What to watch: The House plans to vote on the Senate's version of the bill on Wednesday, sending it to Biden's desk for a signature before key unemployment benefits expire on March 14.

Go deeper

Ina Fried, author of Login
Updated 1 hour ago - Sports

Transgender weightlifter Laurel Hubbard: "It gets better"

New Zealand weightlifter Laurel Hubbard became the first openly transgender woman to compete in the Olympics. Ina Fried/Axios

Laurel Hubbard, speaking to reporters after becoming the first openly transgender woman to compete in the Olympics, on Tuesday expressed gratitude for the opportunity to compete as an athlete and convince transgender people to work through adversity.

What she's saying: "All I have ever really wanted as an athlete is just to be regarded as an athlete," Hubbard, said in response to a question from Axios. "I suppose the thing I have been so grateful here in Tokyo is just being given those opportunities to just go through life as any other athlete."

Amazon may have violated law in Alabama warehouse vote, NLRB says

The Amazon BHM1 fulfillment center in Bessemer, Alabama. Photo: Patrick T. Fallon/AFP via Getty Images

Amazon warehouse workers in Bessemer, Alabama, should hold a new election to determine whether to unionize with the Retail, Wholesale and Department Store Union, the National Labor Relations Board said in a preliminary finding Monday.

Details: The e-commerce giant may have illegally interfered in a mail-in election tallied in April on whether workers at the plant should unionize, per a statement from an NLRB hearing officer assigned to the case. Amazon said it would appeal any ruling stipulating that a second vote should take place.

Evictions lead to rare clash between the White House and Dems

Demonstrators listen as Rep. Cori Bush, a Democrat from Missouri, right, speaks at the U.S. Capitol during a protest against the expiration of the eviction moratorium. Photo: Stefani Reynolds/Bloomberg via Getty Images

The White House and Democratic leaders have been dueling — publicly and privately — over who should take responsibility for extending an eviction moratorium that could protect millions of people on the verge of homelessness.

Why it matters: It's a rare moment of dysfunction between the usually-in-lockstep Biden team and congressional leadership.