The Coronavirus pandemic has brought governments around the world to halt their economies in their tracks. This unrivaled peacetime break to global markets has had a succession of negative economic consequences on populations throughout the globe. Now governments are hurrying to respond and give assistance to their citizens as the pandemic unfolds.
<h2>New Stimulus System To Give Added Coronavirus Relief</h2>
There has been a tide of brand-new legislation focused at providing specific economic relief to those who need it most in the United States. In a government that is generally 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 Laws Core 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 expecting to receive paychecks directly from the IRS for $1,200. The 2.2 trillion dollar piece of legislation comprises several other programs designed to supply relief to businesses and individuals. There has even been an improvement to the nations existing unemployment program.
<h2>Present Unemployment Benefits Are Varied Somewhat by State</h2>
The newly enhanced 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 <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.