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 succession of negative economic impacts on populations across the globe. Now governments are rushing to respond and render assistance to their citizens as the pandemic unfolds.
<h2>New Stimulus Package To Provide Additional Coronavirus Relief</h2>
There has been a tide of new legislation poised at providing specific 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.
<h2>The CARES Act Law Central 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 expecting to receive checks straight from the IRS for $1,200. The 2.2 trillion dollar piece of legislation consists of several other programs designed to supply relief to businesses and individuals. There has even been an improvement to the nations pre-existing unemployment program.
<h2>Current Unemployment Benefits Vary Significantly 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.