The CARES Act has received criticism since its enactment in late March, however, there is a growing consensus of lawmakers seeing that a change is needed to the original legislation. As written, the CARES Act only allows the $150 billion in aid to states and local governments to be used for new spending, not to...
The Platte Institute and North Carolina-based John Locke Foundation are leading a coalition of states to encourage Congress to amend the CARES Act. This would provide states and local governments more flexibility with the federal relief dollars. Kokai offered these comments during an April 25, 2020, appearance on C-SPAN’s “Washington Journal.”
Last week Nebraska’s Representative Don Bacon (R) filed legislation aimed at helping local governments utilize the funding already allocated to states under the previously enacted CARES Acts. His bill, properly named the FLEX Act, gives states the flexibility they need (and many have asked for) to combat this crisis without spending more money. This coincides with a coalition...
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Our Goal: Protect the health, safety, and economic opportunity of all Nebraskans. Our Approach: As Nebraska’s Directed Health Measures are eased, working Nebraskans will need new and safe opportunities in a changed economy. For Nebraska to experience a full economic recovery, it will require a fertile environment for new businesses to start and existing firms...
It is a question many have been asking since Congress passed the historic CARES Act at the end of March. Since then there have been two other relief packages for a total cost of more than $2 trillion. But just exactly how much is being sent to Nebraska? Well, that is an important question on...
On March 27, President Trump signed the CARES Act into law, providing $2 trillion in financial aid to families and businesses impacted by the COVID-19 pandemic. $150 billion of this $2 trillion was allocated to states. The CARES Act specifies that the $150 billion in funds may be used for emergency expenses or for newly...
Ernie Goss & Scott Strain on the economic impact of COVID-19 on Nebraska.
The second installment in the series. Ernie Goss & Scott Strain model the impact of COVID-19 on Nebraska jobs, economic activity, and tax revenues.
The Platte Institute will host a webinar with Economists Ernie Goss, Ph.D. and Scott Strain, M.S. on the economic impact of COVID-19 on Nebraska
State policy leaders from 16 states have co-signed a Platte Institute letter calling for more financial flexibility in the federal relief package.
The Platte Institute is releasing the first report in a series on the economic impact of COVID-19 in Nebraska.
Ernie Goss & Scott Strain model the impact of COVID-19 on Nebraska jobs, economic activity, and tax revenues.
Officials and taxpayers cannot afford to be blindsided this time.