So What’s Included in that $2.2 Trillion Coronavirus Stimulus Package? And What’s Missing?

Post date:

Author:

Category:

Known as the CARES (Coronavirus Aid, Relief, and Economic Security) Act, a $2.2 trillion coronavirus stimulus package was signed into law last week.

The CARES Act is the third piece of major legislation aimed at combatting the effects of the coronavirus—and the most expensive piece of legislation ever passed to date, more than doubling the stimulus act passed in 2009 during the financial crisis.

Broadly speaking, there are five components to the COVID-19 stimulus bill:

(VisualCapitalist.com)
The anatomy of the CARES Act. (VisualCapitalist.com)

Included: Relief for Individuals, Businesses and States

Individual relief comes in many forms, such as:

  • Direct cash payments: Most people earning less than $75,000 can expect a one-time cash payment of $1,200, plus $500 per child.
  • A boost to unemployment payments: Unemployment assistance benefits will increase—$600 per…

Continue Reading Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

STAY CONNECTED

20,790FansLike
2,506FollowersFollow
0SubscribersSubscribe

INSTAGRAM

Biden Names Charlotte Burrows as Equal Employment Opportunity Commission Chair

President Joe Biden is nominating and appointing a record number of diverse women to hold leadership roles in the Biden-Harris administration. Allow Ms....

The Weekly Pulse: Science and Health Take Center Stage Under Biden Administration; Abortion Under Attack

For The Weekly Pulse (a revisit of an old Ms. column!), we’ve scoured the most trusted journalistic sources—and, of course, our Twitter feeds—to...

Defend Democracy—End the Filibuster – Ms. Magazine

The Senate filibuster allows a minority in the Senate to prevent the adoption of important legislation—even when the president and majorities in both...