Details Emerge Regarding Next Virus Stimulus Package, Including Direct Payments
Finally! Some good news!
Americans have waited patiently for weeks now, hoping that the federal government would step up and make their coronavirus suffering a little less tragic.
In the early days of the COVID-19 pandemic, when a vast majority of our nation’s small businesses were forced to close their doors and adapt severely, the feds pumped out a massive stimulus package that boosted unemployment benefits and sent direct payments to the American people.
Now, as the viral predicament remains fully a part of our everyday lives, the government is looking to reach out again.
White House economic advisor Larry Kudlow said Sunday that the next round of coronavirus relief will include $1,200 stimulus payments to Americans and the Trump administration will lengthen the federal eviction moratorium.
“There’s a $1,200 check coming, that’s going to be part of the new package,” Kudlow said in an interview on CNN’s “State of the Union.”
Republicans have finalized the next relief bill, worth about $1 trillion, and will introduce it Monday. The legislation is set to provide temporary and reduced extension of unemployment benefits, another round of stimulus checks, liability protection for businesses and funding to help schools restart. It will also include $16 billion in new funds for testing and tax incentives to encourage companies to rehire employees.
“The check is there, the reemployment bonus is there. The retention bonus is there,” Kudlow said of the next relief legislation. “There will be breaks, tax credits for small businesses and restaurants.”
Kudlow concluded by stating that this was a “very well rounded” package.
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