A couple US States are Developing Additional Relief Measures
The Coronavirus pandemic has brought governments around the world to freeze their economies in their tracks. This unrivaled peacetime break to global markets has had a cascade of negative economic impacts on populations across the globe. Now governments are running to respond and provide assistance to their citizens as the pandemic spreads.
New Stimulus System To Provide Further Coronavirus Relief
There has been a wave 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 usually 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 Laws Fundamental to Stimulus Program
The centerpiece of the still-developing economic stimulus program that has been deployed by the federal government. It includes the largest direct payment to American taxpayers in the country’s history with individuals receiving paychecks straight from the IRS for $1,200. The 2.2 trillion dollar piece of legislation contains several other programs designed to provide relief to businesses and individuals. There has even been an extension to the nations existing unemployment program.
Existing Unemployment Benefits Differ Somewhat by State
The newly enlarged unemployment program gives states an additional $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 Center on Budget and Policy Priorities has more info.