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Heloise
Dear Readers: Those economic stimulus payments many of us received last year and into this year? Let’s take a look:
1. The CARES Act (Coronavirus Aid, Relief and Economic Security) is an economic impetus program passed by Congress in March of 2020 that provided many Americans a cash payment (around $1,200 per individual).
This was designed as an offset to government-mandated stay-at-home orders and closures of businesses. The closures were put in place in an attempt to quell the COVID-19 virus. Relief to businesses and organizations was also provided.
2. There was a second payment of around $600 per individual as part of the Consolidated Appropriations Act, along with more stimulus dollars for businesses. ....

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