April 2020
Congress Approves Economic Relief Plan for Individuals and Businesses.
On Friday afternoon, the Coronavirus Aid, Relief and Economic Security (CARES) Act (https://files.taxfoundation.org/20200325223111/FINAL-FINAL-CARES-ACT.pdf) passed the House of Representatives by a voice vote. The President then signed the bill into law. The bill builds upon earlier versions of the CARES Act and is intended to be a third round of federal government support in the wake of the coronavirus public health crisis and associated economic fallout, succeeding the $8.3 billion (https://markets.businessinsider.com/news/stocks/congress-lawmakers-8-billion-funding-deal-fight-coronavirus-outbreak-2020-3-1028965749) in public health support passed two weeks ago and the Families First Coronavirus Response Act (https://taxfoundation.org/senate-coronavirus-bill-paid-leave/) . It is the product of negotiations between Democrats and Republicans for a bipartisan response to the crisis.
Questions?
· All about those stimulus checks (https://www.nytimes.com/article/coronavirus-money-unemployment.html#link-7eef7745)
· How unemployment insurance works (https://www.nytimes.com/article/coronavirus-money-unemployment.html#link-14381355)
· Who and what the new paid leave law covers (https://www.nytimes.com/article/coronavirus-money-unemployment.html#link-29f2eb4a)
· How to pause your federal student loans (https://www.nytimes.com/article/coronavirus-money-unemployment.html#link-3c2b8d5f)
· Help for homeowners and renters (https://www.nytimes.com/article/coronavirus-money-unemployment.html#link-2fd37855)