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The CARES Act: Are the Tax and Financial Relief Provisions Sufficient in a Time of Economic Crisis?
Anisfield School of Business, Ramapo College of New Jersey, Mahwah, NJ, USA
Borough of Manhattan Community College, City University of New York, New York, NY, USA
Anisfield School of Business, Ramapo College of New Jersey, Mahwah, NJ, USA
- 1 Anisfield School of Business, Ramapo College of New Jersey, Mahwah, NJ, USA
- 2 Borough of Manhattan Community College, City University of New York, New York, NY, USA
- 3 Anisfield School of Business, Ramapo College of New Jersey, Mahwah, NJ, USA
Modern Economy·Volume 11 (2020)·Pages 1522–1527·Published 18 September 2020·DOI10.4236/me.2020.119108
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Abstract
The impact of the COVID -19 Pandemic has been staggering for the entire US economic system. Entire industries have been thwarted from operating on any sustainable level. In response, Wall Street reacted with a resounding CRASH … and so … the need for federal intervention became a stark reality for the US economic system’s survival. As major retailers collapse into bankruptcy, the need for continued federal financial support is tantamount to survival for a wide array of fledgling companies. Will the CARES legislation be sufficient to prevent a United States’ economic freefall?
KeywordsCARES ActBankruptcyPandemic
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