Posted March 11th, 2021 for Broadcast Music Posted in on March 11, 2021 Today, President Biden signed the sweeping $1.9 trillion COVID-19 relief package called the American Rescue Plan Act of 2021, offering support to many individuals economically impacted by the pandemic, including music creators, copyright owners, and other small businesses. This vital legislation includes the following provisions that can help the creative community:
Direct Payments: The American Rescue Plan provides a $1,400 payment to supplement the $600 already provided in December. Individuals earning up to $75,000 and couples earning up to $150,000 will receive the full direct payments of $1,400 per person. Individuals will also receive an additional $1,400 payment for each dependent claimed on their tax returns.
Congress starts work on Biden s call for six-month renewal through end of September.
As Congress starts work on President Joe Biden s proposals to extend pandemic unemployment benefits, the acting director of the Oregon Employment Department says straightforward extensions that are on the table will be easier to manage.
But David Gerstenfeld also said he and counterpart agencies in other states would like as much lead time as possible to prepare for any changes and avoid interruptions in benefit payments. States pay benefits but the U.S. Department of Labor oversees them.
The latest extensions, which Congress approved at the end of December, are scheduled to end March 13.