White House Releases Details on Upcoming Coronavirus Stimulus Package

As the nation is facing another extended period of lockdown thanks to the coronavirus, the federal government is considering their duty to provide for the citizens of this great country.

As we are currently without a vaccine or surefire treatment method for COVID-19, our only real weapon against the illness is social distancing.  This has meant that many of our small businesses are shuttered, and those establishment who have remained open do so under duress and a loss of income.  Unemployment has skyrocketed on account of this, making the need for government assistance all the more pressing.

Now, just as the first coronavirus stimulus package was petering out, it appears as though another injection of assistance is coming.

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.”

We can only hope that Nancy Pelosi and her motley crew of Democrats don’t find some reason to hold up progress on the bill.