Economic Lessons Learned from the Pandemic: Study Finds that Blanket Stimulus Payments Did Not Adequately Consider Local Conditions
CATONSVILLE, MD, March 10, 2022 – After states throughout America instituted general lockdowns for businesses, employers and residents when COVID-19 arrived in the United States in 2020, one of the first measures taken to offset the impact came when the U.S. Congress passed the CARES Act that was signed into law on March 27, 2020. That measure provided $4.4 trillion in assistance to businesses and individuals through “stimulus checks” that were sent to millions of qualifying U.S. citizens.