COVID-19 CARES Act
- Apr 12, 2020
- 1 min read
The Coronavirus pandemic has hit an all-time high in the United States, leading government officials and the IRS to initiate the CARES Act (The Coronavirus Aid, Relief and Economic Security Act). This is known as a law that is designed to address the economic fallout of the 2020 coronavirus pandemic in the United States.
President Trump signed the $2 trillion CARES Act law on March 27, 2020 to provide financial assistance to businesses and families affected by the COVID-19 coronavirus pandemic. Therefore, many tax paying citizens are currently awaiting stimulus checks that will be directly deposited into their bank account. For individuals, they will receive $1,200; more for married couples and children. Other countries worldwide have received stimulus packages that include receiving 90 percent of their salary (such as the Netherlands) which has many Americans doubting the effectiveness of our government.
After interviewing Tabaris Lemons, who is a United States tax paying citizen, he states that he is grateful to receive a check during these times. However, he also states that “we are supposed to be one of the greatest countries (in terms of financial stability) in the world, yet there are other countries giving their people more money – it's just not fair.”

Image from foxbusiness.com

Image from Philadelphia.cbslocal.com

Image from smartasset.com

Image from usatoday.com
https://twitter.com/NathanLerner/status/1248649171999035395?s=20

Image from twitter.com
Comments