Historic Relief? Breaking Down the CARES Act

Passing both the House of Representatives and the Senate, the CARES Act is the largest stimulus package out of Capitol Hill ever, providing more than $2 trillion in economic relief to those affected by the COVID-19 pandemic.

Its components include stimulus payments to individuals, expanded unemployment coverage, student loan changes, different retirement account rules, and more. The six groups impacted the most include individuals, small businesses, big corporations, hospitals and public health, the federal safety net, state and local governments, and education.

Join us as we discuss the details of the bill, who benefits and who was left out, and whether or not the country will suffer any long-term consequences from the bailout.

This forum will take place on Zoom. To participate, click this link at 10:30 a.m.

The livestream will also be available at cityclub.org.

Resources:

• COVID-19 Combined Federal Legislative Response, prepared by The Raben Group
• SBA Small Business Loans
• Policy Matters Ohio
• FAQ on Stimulus Checks, Unemployment and the Coronavirus Plan
• Calculate how much you'll get from the $1,200 (or more) coronavirus checks
• Institute of Taxation and Economic Policy (ITEP)
• COVID-19 and the Case for Race-Forward Economic Policy Prescriptions, from ITEP
• Greater Cleveland Partnership COVID-19: For Businesses
• Case Western Reserve University launches free MOOC: Supporting Entrepreneurship in a Global Crisis