On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. It represents the third major legislative action addressing the coronavirus threat in a month and, with a price tag of $2.2 trillion, is the largest stimulus package ever passed by Congress. In this comprehensive overview of the three Acts, we will discuss the important individual provisions, including recovery rebates, student loan relief, and retirement changes and the major business provisions, especially the Paycheck Protection Program, family and medical leave and the payroll tax credit.
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