How Stimulus Will Affect You
March 26, 2020
Senate negotiators are working hard to put together a stimulus package that will bring relief to people during the crisis of the pandemic of the Coronavirus. Yet, it is not clear who will benefit from or receive the allocations of the package.We must realize that a stimulus package is a coordinated effort to increase government spending and lower taxes and interest rates in order to stimulate the economy. It is aimed at reversing a recession by boosting employment and spending.
A stimulus package can be either in the form of a monetary stimulus or a fiscal stimulus. A monetary stimulus...