The Coronavirus pandemic has triggered governments around the world to stop their economies in their tracks. This unrivaled peacetime break to global markets has had a succession of negative economic effects on populations across the globe. Now governments are running to respond and give assistance to their citizens as the pandemic spreads.
<h2>New Stimulus System To Give Further Coronavirus Relief</h2>
There has been a wave of brand-new legislation aimed at providing directed 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’ biggest legislation pieces in history have passed with record-setting time on deliberation.
<h2>The CARES Act Legislation Core to Stimulus Plan</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 checks straight from the IRS for $1,200. The 2.2 trillion dollar piece of legislation comprises several other programs designed to render relief to businesses and individuals. There has even been an improvement to the nations current unemployment program.
<h2>Existing Unemployment Benefits Fluctuate Dramatically by State</h2>
The newly broadened unemployment program gives states an added $600 per person on top of the state’s already pre-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.