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August 11, 2020
The economic repercussions of COVID-19 have made one thing abundantly clear—more federal support is necessary to help families and businesses survive and recover from this crisis. Not surprisingly, the administration and politicians from both sides of the aisle have different visions of what this assistance should look like.
With negotiations stalling, President Trump signed two Executive Orders on August 8 that address:
What remains to be seen is how these orders will impact the ongoing aid talks. Republicans and Democrats each have their own fiscal stimulus bills that address a variety of topics beyond the items addressed by the president. Below is a high-level comparison of key issues currently on the table. The end result will likely be some combination of the two proposed bills.
Note: Information about the stimulus package is changing daily. This chart is current as of this writing. We encourage you to contact your Cerity Partners advisor to ensure you have the most up-to-date information.
We’re closing monitoring the discussions taking place in Washington, D.C. We will keep you apprised of any significant developments and how they may impact your personal and business planning.
Please read important disclosures here.
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