A couple US States are Developing Additional Relief Measures

The Coronavirus pandemic has triggered governments around the world to halt their economies in their tracks. This unparalleled peacetime disruption to global markets has had a succession of negative economic results on populations around the globe. Now governments are rushing to respond and give assistance to their citizens as the pandemic unfolds.

<h2>New Stimulus Package To Provide Extra Coronavirus Relief</h2>

There has been a wave of new legislation directed at providing specific economic relief to those who need it most in the United States. In a government that is normally beset with partisan, almost zealot like politics some of the countries’ biggest legislation pieces in history have passed with record-setting time on deliberation.

<h2>The CARES Act Rules Central to Stimulus Program</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 receiving checks 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 existing unemployment program.

<h2>Existing Unemployment Benefits Differ Considerably by State</h2>

The newly broadened unemployment program gives states an extra $600 per person on top of the state’s already established benefits. Depending on your job and the state that you live in there is a chance 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.

Leave comment