The Coronavirus pandemic has triggered governments around the world to halt their economies in their tracks. This unrivaled peacetime break to global markets has had a waterfall of negative economic consequences on populations across the globe. Now governments are racing to respond and give assistance to their citizens as the pandemic unfolds.
<h2>New Stimulus Plan To Supply Added Coronavirus Relief</h2>
There has been a tide of brand-new legislation focused at providing targeted economic relief to those who need it most in the United States. In a government that is typically 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 Law Core 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 payments directly from the IRS for $1,200. The 2.2 trillion dollar piece of legislation is made up of several other programs designed to render relief to businesses and individuals. There has even been an improvement to the nations existing unemployment program.
<h2>Active Unemployment Benefits Vary Notably by State</h2>
The newly expanded 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 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.