Some US States are Implementing Extra Relief Measures
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 cascade of negative economic results on populations throughout the globe. Now governments are hurrying to respond and offer assistance to their citizens as the pandemic spreads.
<h2>New Stimulus Package To Supply Further Coronavirus Relief</h2>
There has been a wave of brand-new legislation focused at providing precise economic relief to those who need it most in the United States. In a government that is normally 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 Rules Principal to Stimulus Program</h2>
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 expansion to the nations pre-existing unemployment program.
<h2>Current Unemployment Benefits Differ Dramatically by State</h2>
The newly enlarged unemployment program gives states an additional $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 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.