RELIEF FOR WEST VIRIGNIA
Congressman Alex Mooney worked with President Trump and congress to pass the Coronovirus Aid, Relief and Economic Security (CARES) Act to bolster our healthcare system and provide economic support, while businesses are forced to close. It was signed into law by President Trump on March 27th.
Protecting WV Economy and Jobs
To keep our economy afloat and help working families during these difficult times, the CARES Act includes:
- Unemployment benefits extended from 26 to 39 weeks, and unemployed workers will receive an additional $600 per week on top of regular benefits.
- Most West Virginians will receive direct payments up to $1200 per individual and $500 per dependent child.
- Paycheck Protection Program will help small businesses keep employees on their payrolls instead of laying them off.
Supporting Healthcare and Treatment
For supporting, hospitals, medical workers, patients and comm unities, the CARES Act provides:
- $100 billion in grants to help hospitals treat COVID-19, funding is especially crucial for rural hospitals, with additional funding for veteran hospitals
- $11 billion to research new drugs and develop a vaccine
- $16 billion for protective medical equipment and respirators
- $45 billion for FEMA’s Disaster Relief Fund to respond to COVID-19
Economic Relief News
The IRS has changed the deadline to file tax returns from April 15 to July 15.
- If the IRS has your bank account info from 2018 or 2019 tax returns, payment will be deposited directly into your account. Otherwise, checks will be mailed.
- Payments should begin in mid-April.
- If you believe you should have received a payment but did not, call Congressman Mooney’s office for assistance.
Small Business Assistance
Forgivable Paycheck Protection loans will be available for businesses with less than 500 employees. These are designed to keep people employed during the crisis and prevent small businesses from closing permanently.