Covid-19 has spiked in several states. The poor, the elderly, and people of color face the toughest times as COVID-19 is disproportionately impacting them. The economic recession is making it harder for many from these communities to afford rent. It is much worse for those who do not have a place to stay at all, as temporary eviction suspensions end. According to Brookings, 1 in 3 Americans did not pay […]
As millions of Americans have begun receiving their Economic Impact Payments via Direct Deposit, one may develop a feeling of ‘Deja vu’. While we have never seen a pandemic like this in our lifetime, the need for direct stimulus payments is something we have seen numerous times over the years, including as recently as 2008 and 2009. Are the current stimulus payments the same as those? What is different? Let’s […]
House Speaker Nancy Pelosi has indicated that tomorrow the House will pass H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act. Under the bill, the Paycheck Protection Program (PPP) for small businesses would be replenished, and additional funding would be provided for hospitals and coronavirus testing. While the legislation is sequentially the fourth major package, the administration and Congress are describing the bill as only an interim step […]
What is the CARES Act? The Coronavirus Aid, Relief and Economic Security (CARES) Act is a $2 trillion coronavirus relief package passed by Congress and signed into law by President Donald Trump on Friday, March 27, 2020. In addition to supports for businesses and small business owners, one of the most talked about aspects of the CARES Act is the cash payments that will be made to many Americans. What […]