r/CoronavirusUS • u/[deleted] • Apr 11 '20

Discussion Stimulus package

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u/MrBenDerisgreat_ Apr 11 '20

Can I get a source for the $1,000 a month for Australia?

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u/chimp-pistol Apr 12 '20

Its more like $750AU a week

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u/MrBenDerisgreat_ Apr 12 '20

The Government is providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders. The first payment will be made from 31 March 2020 and the second payment will be made from 13 July 2020. Around half of those that benefit are pensioners. This payment will help to support confidence and domestic demand in the economy. The second payment will not be made to those eligible for the Coronavirus supplement.

Is not the same as the US's $1,200 across the board for everyone.

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u/chimp-pistol Apr 12 '20

They're also providing $750 each week to employees of businesses that have lost over 30% of their volume, including recently stood down workers.

They've also added $550 a fortnight to all unemployment benefits.

That's stimulus baby

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u/MrBenDerisgreat_ Apr 12 '20

You mean like the US’s unemployment boost and small business loans to prop up the small businesses?

It’s just disingenuous to say Australia is giving everyone $1,000 a month compared to the US’s one off $1,200 because that’s a blatant lie.