In places like Florida and California, the coronavirus crisis is still closer to its impetus than to its end.
That’s because an ugly and powerful second wave of the virus has begun to take root in these tourist-heavy locales, and with many Americans still unwilling to wear masks and practice social distancing.
As such, businesses around the nation remained shuttered some 6 months into the crisis. This has a great many Americans out of work, and the economy suffering on account of it.
This is where the federal government is looking to step in.
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.”
The well-respected White House advisor would go on to characterize the proposed stimulus package as “well rounded”.
For many Americans, any little it will help…just so long as it arrives without delay.