March 30, 2020
Sean M. Burke, Christopher T. Michelone, ,
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law. The CARES Act is a sweeping piece of legislation aimed at bolstering the American economy and providing additional assistance to the American healthcare system in response to the COVID-19 crisis. This whitepaper will address the main economic components of the CARES Act:
- Keeping American Workers Paid and Employed Act
- Relief for Workers Affected by Coronavirus Act
- Recovery Rebates and Use of Retirement Funds
- Business Payroll Tax Credits and Delay of Payroll Tax Payments
- Coronavirus Economic Stabilization Act of 2020