The Coronavirus Stimulus Bills: A Three-Part Solution
A massive $2 trillion dollar economic stimulus packages went before the House and Senate in the last full week of March 2020. That package included stimulus checks for Americans (see below) that varied in amount depending on tax filing status (details below).
Meanwhile, local businesses were shuttering, laying off staff, and getting ready to endure a prolonged economic winter. On Wednesday, March 25, 2020, the Senate voted to approve the massive bailout deal and the vote moved to the House for a vote on Friday, March 27, 2020 where it was approved and sent to the President for his signature. The passage of the stimulus bill, called the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020, marks the start of a $2 trillion dollar relief effort aimed at both consumers and businesses.
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