State and Federal Government
What does this 2 trillion stimulus package mean to you?
The package would provide one-time direct payments to Americans of 1,200 per adult making up $75,000 a year, and $2,400 to married couples making up to $150,000 with $500 payments per child. After a $75,000 threshold for individuals, the benefit would be reduced by $5 for each $100 the taxpayer makes. A similar $150,000 threshold applies to couples and a $112,500 threshold for heads of households. Payments, according to the bill, will be disturbed as soon as possible. They will be made via direct deposit to an account that the person has authorized for tax refunds or federal payments.
Additionally, this bill would allocate $250 billion to extend unemployment insurance to more workers, and lengthen the duration to 39 weeks, up from the normal 26 weeks. $600 extra a week would be provided for four months. On student loan payments, the Department of Education would suspend payments for up to 6 months.
What does this do for Disney?
With the cascade of social gatherings, cancellations and travel restrictions, the tourism industry is asking for $250billion in bailouts. This loan would help with possible layoffs This includes hotels, attractions, and parks.
More information will be available as we continue to research the Stimulus Package. The House of Representatives has the plan to vote on the bill this Friday.