With so many people hurting financially due to the coronavirus, Congress passed the largest economic package in history by allotting $2 trillion dollars toward propping up the nation’s economy.
Included in the package are payments for Americans to help them stay afloat financially. Generally, most Americans will receive a one-time $1,200 check to help them as many businesses shutdown due to COVID-19.
If you have a family of four, you qualify for up to $3,400.
But the grand question many are asking is if the single payment is enough to sustain those who may be out of work for months at a time?
Additionally, if the coronavirus continues to ravage our nation, will Congress return to work to work on an additional package to help regular Americans?
And what about small business? Is there enough money to keep what drives America’s economy going?
There may be more questions than answers at the moment because we just aren’t sure how long the virus may stick around. But in case it does stay longer than its welcomed, Congress may be forced to go back to the drawing board.
If the single checks of $1,200 aren’t enough, Congress did expand unemployment insurance to go along with the payments. While Florida has one of the country’s lowest unemployment insurance payment levels, it will sustain some as federal unemployment is $600 a week.
The sticking point in Congress will mainly be partisanship as many Republicans believe the last package was too generous.
U.S. Senator Rick Scott almost held up the bill in the Senate because he didn’t want unemployment insurance expanded while Senator Mitt Romney argued for direct payments to Americans to start immediately.
The pendulum is swinging wildly but before Congress returns back to Washington at the end of April, they’re sure to receive an earful from their constituents about what they’re doing to help Americans.