For the anons and others who very concerned with their finances and what is to come, this is for you.
During the press conference on Friday, POTUS mentioned legislation that is enacted that will pay sick leave to employees at no cost to the employer.
In negotiations now:
direct payments to individuals/families
-depending on income tiers
-according to taxes filed in 2018
-hashing out additional monies per child
Larry Kudlow said on Hannity Friday that it would be something like $3,200 for a family of 4, with an additional $400, so approximately $3,600/3,800
this is still being worked out
Money honey said on Tucker on Friday that
-businesses would be loaned a block of money from fed.gov, IF used for rent & payroll, that would transform into a grant (so no need to pay back)
-individuals on SS or Disability would only get like $600 (instead of full $1200) - no clarification on whether that is in addition or it would be a benefit reduction (can't really conceive that POTUS would do that, since it's primarily vulnerable seniors who are at the highest risk)
-Student loans will not be accruing interest for 3 months
-ALL pending and ongoing mortgage foreclosures are halted for 3 months
-3 month suspension for work-search requirement for unemployment
-EVERY employee who is laid off will have expedited unemployment
Below is not from press conferences or statements of cabinet members, but pertinent info:
IF you are a business owner, instead of firing employess, lay them off - they will get unemployment, you can recall them when you are able to reopen and it will not be a stain on their employment record.
Even though people are on pins and needles over their finances, everything is going to be okay. Payments will go out. Businesses WILL reopen.
If YOU have a hospitality (restaurant, bar, entertainment of any type) business, please think this through: when people are able to 'leave quarantine' you will NEED those employees back ASAP because everyone will want to go out to eat, to have a drink (or 2 or 3), see a movie and get out of the house. You will need stock, staff and to be ready to go!
The President and administration are doing everything they can, at every level, to help BOTH business owners and individuals. This has never been seen in my lifetime. The President is doing exactly what needs to be done.
We did it in WW2 and we are doing it again.
Americans are able to quickly reorganize, adjust and do what needs doing. We organize and get it done. We are going to get through this and be alright.