Most US States are Employing Added Relief Measures
The Coronavirus pandemic has brought governments around the world to halt their economies in their tracks. This unmatched peacetime break to global markets has had a waterfall of negative economic consequences on populations throughout the globe. Now governments are rushing to respond and provide assistance to their citizens as the pandemic spreads.
<h2>New Stimulus Plan To Offer Additional Coronavirus Relief</h2>
There has been a wave of brand-new legislation poised at providing targeted economic relief to those who need it most in the United States. In a government that is generally beset with partisan, almost zealot like politics some of the countries’ premier legislation pieces in history have passed with record-setting time on deliberation.
<h2>The CARES Act Laws Fundamental to Stimulus Plan</h2>
The centerpiece of the still-developing economic stimulus program that has been started by the federal government. It includes the largest direct payment to American taxpayers in the country’s history with individuals expecting to receive payments direct from the IRS for $1,200. The 2.2 trillion dollar piece of legislation comprises several other programs designed to render relief to businesses and individuals. There has even been an extension to the nations current unemployment program.
<h2>Existing Unemployment Benefits Vary Notably by State</h2>
The newly broadened unemployment program gives states an extra $600 per person on top of the state’s already pre-existing benefits. Depending on your job and the state that you live in there is a possibility you could earn more on unemployment right now than you could if you were working.
The <a href=”https://www.cbpp.org/research/economy/policy-basics-how-many-weeks-of-unemployment-compensation-are-available”>Center on Budget and Policy Priorities</a> has more info.