Individual US States are Adopting Additional Relief Measures
The Coronavirus pandemic has caused governments around the world to freeze their economies in their tracks. This unprecedented peacetime interruption to global markets has had a succession of negative economic results on populations throughout the globe. Now governments are hurrying to respond and give assistance to their citizens as the pandemic spreads.
New Stimulus Package To Supply Additional Coronavirus Relief
There has been a wave of brand-new legislation directed at providing focused economic relief to those who need it most in the United States. In a government that is regularly beset with partisan, almost zealot like politics some of the countries’ biggest legislation pieces in history have passed with record-setting time on deliberation.
The CARES Act Law Center to Stimulus Strategy
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 paychecks directly from the IRS for $1,200. The 2.2 trillion dollar piece of legislation includes several other programs designed to render relief to businesses and individuals. There has even been an extension to the nations pre-existing unemployment program.
Present Unemployment Benefits Differ Significantly by State
The newly enhanced unemployment program gives states an extra $600 per person on top of the state’s already existing 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 Center on Budget and Policy Priorities has more info.