Amidst uncertain times as a result of COVID-19, President Trump signed the $900 billion stimulus bill that among other things, will fund $600 payments for most American citizens.
These direct payments will go to those earning up $75000 a year or couples earning up to $150,000 combined, those who make higher income up to $95,000 will still see a payment, but in a lower amount. Trump signed this bill saying that Congress will meet again on Monday to vote on a possible increase to the stimulus payouts. In addition, those who are receiving unemployment will receive an additional $300 weekly. The Paycheck Protection Program for small business will also see additional funding, which is expected to begin collecting applications in the second week of January. The Paycheck Protection Program, also referred to as the PPP loan, helps small businesses keep their workers on payroll and will forgive loans granted they adhere to the employee retention criteria.
Possibly the most important is the funding for schools, vaccine distribution, rental assistance, and the eviction moratorium, which will extend until the end of January. For many, the eviction moratorium only extends time in their home since it prevents evictions on tenants who are unable to pay rent until it is over, and the unpaid amount will be due.
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