Without waiting for the federal government to act, Several US rulers approved their bailout packages, distributing hundreds of millions of dollars to businesses and individuals. So that they can bear the impact of the coronavirus pandemic.
Maryland and California recently agreed to help For the poor and the unemployed, small businesses and childcare services. New Mexico and Pennsylvania Provided direct grants to small businesses and portfolios North Carolina It is seeking local money to pay teachers’ salaries and provide better internet services in rural areas, according to the Chicago Tribune.
Other countries are considering increasing public spending to help their residents. Local governors and lawmakers fear conditions will worsen before Congress approves the rescue package With nearly $ 2 trillion, President Joe Biden is promoting it. The slow pace of the vaccination campaign has also dashed hopes that businesses will be allowed to reopen early due to restrictions imposed by the virus.
New Mexico is about to approve a plan to provide $ 200 million in direct grants to companies, which can use the money to pay for mortgage loans or rents. It’s part of an exemption plan that will also provide $ 600 tax refunds for low-paid employees, and a four-month tax credit for restaurants.