The Coronavirus pandemic has caused governments around the world to freeze their economies in their tracks. This unparalleled peacetime break to global markets has had a waterfall of negative economic impacts on populations around the globe. Now governments are racing to respond and render assistance to their citizens as the pandemic spreads.
<h2>New Stimulus System To Give Additional Coronavirus Relief</h2>
There has been a wave of brand-new legislation focused at providing focused economic relief to those who need it most in the United States. In a government that is ordinarily beset with partisan, almost zealot like politics some of the countries’ largest legislation pieces in history have passed with record-setting time on deliberation.
<h2>The CARES Act Law Central to Stimulus Strategy</h2>
The centerpiece of the still-developing economic stimulus program that has been implemented 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 expansion to the nations present unemployment program.
<h2>Present Unemployment Benefits Fluctuate Considerably by State</h2>
The newly extended unemployment program gives states an added $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 <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.