Covid Relief Package

Covid+Relief+Package

Meira Berkowitz

In the beginning of March, the House of Representatives, dominated by the Democrats, passed a 1.9 trillion dollar stimulus package to provide economic relief for American workers, small businesses, and families. This bill was one of the biggest bills to ever be signed in the history of our country. The CARES Act (Coronavirus Aid Relief and Economic Security Act) will support American workers post-pandemic. The Paycheck Protection Program will assist small-business owners with resources to maintain payroll, hire employees that were previously laid off, and cover any other costs that may have shown up during the pandemic. Direct payments to citizens are to be based on 2019 taxes. Veterans receiving VA benefits, and retired/disabled workers have the potential to receive payments even if 2019 taxes were never filed. The Treasury Department will be proactive in ensuring jobs directly affected by the spread of the coronavirus be preserved. Unemployment aid and tax credit expansions are available under the CARES Act as well. “This historic legislation is about rebuilding the backbone of this country,” the President declared. The covid stimulus bill has provided hope for many Americans facing poverty during the pandemic and will hopefully point the country down a road of much success!