Stimulus Package Could Help Families

Video Credit: KIMT
Published on March 26, 2020 -
KIMT News 3's Jessica Bringe spoke with Sen. Tina Smith

Stimulus Package Could Help Families

Workers, families and businesses across the uás may soon be getting relief in the form of a massive $2 trillion economic stimulus package.

The effort comes as the coronavirus pandemic has halted the nation's economy.

Kimt news three's jessica bringe joins us live from downtown rochester with how that money could help keep families going during this unprecedented time.

George and katie á the hope is for americans to use the money to help jumpá start the economy..

And put it back into local businesses like here in downtown rochester... but the focus is also to help struggling families stay a float as millions lose their jobs across the uás.

Help is in on the way to the tune of 2á trillion dollars as lawmakers work towards a stimulus deal..

This as the coronavirus crisis wreaks havoc on the uá s economy, this is really an unprecedented economic and health catastrophe.

Under the stimulus package, the money will be spent across 3 sectors: distressed companies, small business loans, and direct payment to individuals and families..

The purpose of this is to make sure that families through no fault of their own lost their jobs, lost their way of supporting themselves, they have a bridge to make it through.

This is really a giant bridge loan form all of us to the families that are struggling so much.

Individuals earning up to 75 thousand dollars will receive 1,200... which is no small paycheck to rochester single mother julia kaloumenos (kaáluámenáo) this will make a pretty big impact on me to help me pay for my rent, to help me buy diapers and wipes for my daughter, hel p me put food on the table since i'm laid off right now.

She was laid off work since she's a diabetic and at highárisk if she's exposed to the coronavirus..

So the funds will help keep her family afloat.

This will impact me and hopefully other americans in a positive way.

You know, at this point, i married couples earning up to 150 thousand dollars will receive 2,400 with an additional 500 dollars per child in the family.

Live in rochester á jessica bringe á kimt news 3./// thank you jessica.

Members of the uás house of representative s will have 24 hours to review the bill before it is expected to pass tomorrow

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