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DannLaw COVID-19 Update 12–Finally, a New Stimulus Package

Payroll Protection Program

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Hello, happy holidays, and welcome to DannLaw COVID-19 update 12. In this edition, I’ll unwrap the details of the long-overdue stimulus package that was just passed by Congress and signed by the President. While the 5,600-page bill doesn’t contain anything that would set 12 lords to leaping or qualify as tidings of great joy, it does provide some much-needed financial relief and protection for consumers, workers, and homeowners impacted by the ongoing pandemic. Direct Payments Like the … [Read more...] about DannLaw COVID-19 Update 12–Finally, a New Stimulus Package

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I was mildly enthusiastic about the CARES Act immediately after it was passed because it appeared to be substantially different from the stimulus plan crafted by the federal government during the Great Recession of 2008. That package funneled trillions of dollars to the big banks and Wall Street speculators whose unfettered greed nearly destroyed the world’s financial system but did relatively little to help working and middle-class families devastated by the collapse of the housing market. … [Read more...] about COVID-19 Update 8: Thoughts on the CARES Act, Planning for life after the pandemic

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Many of our clients are still sorting through the various types of assistance offered via the CARES Act and the various executive orders signed by the President and the governor of the state in which they live. But learning about the programs and benefits that are now available is only half the equation. The other: deciding whether it’s in your best interest to take advantage of them. Making those decisions won’t be easy. The CARES Act itself is more than 800 pages long and the rules and … [Read more...] about DannLaw Covid-19 Update 7