Stabilize city and states budgets, business sectors and public health.

With steep declines in state tax revenues and dramatically increased demands for service due to COVID, many states are reporting major revenue shortfalls, and are already planning for major layoffs of public employees. Nationwide, experts are projecting these shortfall to total $615 billion over the next three fiscal years. State and local spending triggers a multiplier effect as governments contracts channel work to local businesses and public-sector employees add to consumption spending. With our already weakened economy, austerity is not the answer.