Find out how this bill will affect you!
On March 27, 2020, President Trump signed the $2 Trillion “Coronavirus Aid, Relief, and Economic Security Act” (the CARES Act). The CARES Act includes public health spending to confront the COVID-19 pandemic, cash relief for individual citizens, a broad lending program for small businesses, and targeted relief for hard-hit industries.
The team at ATBS has analyzed the 880-page document in order to summarize key portions of the Act that will be relevant to owner-operator truck drivers. We will continue to update this eBook with relevant clarifications as more information becomes available.
The bottom line is that the CARES Act could provide the average independent contractor anywhere from $1,200 to $25,000 of economic stimulus relief based on the various programs listed in this eBook.
We hope that this information will help answer any of the questions that you have about the newly passed economic relief plan!