Benefits Boost For U.S
It is very evident that the coronavirus pandemic was a bit harsher on the population of the US. Moreover, American families are hit harder on the grounds of financial resources.
Amidst all this, they have been struggling to gather their primary resources. The Stimulus Check is substantial support to all those families who are adversely affected and are suffering badly.
The Washington Centre for Equitable Growth (WCEG) said it is imperative that American families hit hard by the economic effects of coronavirus receive “substantial” additional income support, such as a second stimulus check.
Moreover, this noble approach will help all low households in the country.
CARE Act Provided Stimulus Checks
Under the CARES Act, a $2.2-trillion relief bill was passed in March. Under this, Americans earning under $99,000 a year received one-time stimulus checks of up to $1,200. However, there are a lot of political issues related to the Stimulus Checks. Still the amount remains a matter of controversy.
Many of Trump’s Benefits Miss Out and May Not Last Long
Amidst all these controversies, Pelosi and Schumer have pushed to extend the $600 weekly amount, Mnuchin and Meadows have sought to reduce this. Furthermore, President Donald Trump signed an executive order in August, seeking to provide $300/$400 in extra benefits.
Seeing the consistent controversies regarding the prices, it is, however, confusing to jump to any conclusion.
Unemployment Surge in the US
Around 60 million people in the US have filed first-time unemployment-insurance claims. Thus, it is very obvious to say how coronavirus had impacted the situations. Unemployment soared to 14.7% in April and, though it has now fallen to 8.%, this remains significantly higher than February’s rate of 3.5%.
But, seeing the innovative steps by government, the situation is tackled wisely and efficiently.