Various US States are Implementing Additional Relief Measures
The Coronavirus pandemic has brought governments around the world to freeze their economies in their tracks. This unrivaled peacetime disruption to global markets has had a waterfall of negative economic consequences on populations throughout the globe. Now governments are racing to respond and give assistance to their citizens as the pandemic unfolds.
<h2>New Stimulus Package To Offer Further Coronavirus Relief</h2>
There has been a wave of new legislation poised 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’ greatest 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 implemented by the federal government. It includes the largest direct payment to American taxpayers in the country’s history with individuals receiving checks directly from the IRS for $1,200. The 2.2 trillion dollar piece of legislation is made up of several other programs designed to give relief to businesses and individuals. There has even been an expansion to the nations pre-existing unemployment program.
<h2>Existing Unemployment Benefits Differ Considerably by State</h2>
The newly extended unemployment program gives states an added $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.