Germany | United States |
---|---|
2020Q1 | |
Short-time work • Simplified eligibility criteria • 100% reimbursement of social insurance contributions for hours affected by STW • Expansion of additional income opportunities during STW | Short-time work • Federal financial support for states’ STC schemes |
Business support • Soforthilfen: grants for small businesses & self-employed, administrated by Länder • Loans and credit guarantees | Business support • Paycheck Protection Program (PPP): forgivable loans to SME • Employee Retention Tax Credit: payroll tax credit for employers • Tax credits for obliged paid leave by employees • Disaster Loans Program: Federal Funding of loans from Small Businesses Administration |
Unemployment benefits • Simplified eligibility criteria for basic income support (ALG II) (e.g., further inclusion of self-employed, suspension of means testing) | Unemployment benefits • Federal Pandemic Unemployment Compensation (FPUC): additional benefit of $600 per week until end of July • Pandemic Emergency Unemployment Compensation (PEUC): extension of max. eligibility period • Pandemic Unemployment Assistance (PUA): simplified eligibility criteria (e.g., inclusion of self-employed) |
Income support (households) • Simplified eligibility criteria for child supplements • Compensation for earnings losses due to child care | Income support (households) • Child Tax Credits • Economic Impact Payments: Stimulus checks for households per eligible adult ($1200) and child ($500) • Obligation to SME to provide paid sick leave, paid family leave, paid medical leave |
2020Q2 | |
Short-time work • Extension of maximum eligibility period • Temporary increase in replacement rates until end of 2020 | Business support • Improved conditions regarding loans and forgiveness of loans (June) • Amendment of PPP: Provision of additional $320 bn. (April) |
Unemployment benefits • Expansion of max. eligibility period for unemployment insurance (ALG I) by three months | |
2020Q3 | |
Business support • Grants for SME & self-employed (Überbrückungshilfe) • Hiring credit for apprentices for SME of €2000 | Unemployment benefits • Extension and modification of expiring FPUC: $300 per week and conditioning eligibility on receiving at least $100 from other state unemployment benefits |
Unemployment benefits •Extension of simplified eligibility criteria for ALG II | Income support (households) •Provision of assistance to renters and homeowners |
Income support (households) • Stimulus Checks for families: €300 per child (Kinderbonus) • Tax Credits for single parents • Expansion of max. eligibility period for elderly/child care compensation • Temporary VAT reduction | |
2020Q4 | |
Short-time work • Extension of the key measures until end of 2021 | Business support • Modification & extension of different programs (i.a., the Employee Retention Tax Credit, PPP, etc.) |
Business support • Grants for foregone revenues (November-/Dezemberhilfen) • Grants for SME (Überbrückungshilfe II) | Unemployment benefits • FPUC: $300 per week until March 2021 • PEUC applies until March 2021, expansion of max. eligibility period to 24 weeks • PUA applies until March 2021; expansion of max. eligibility period to 50 weeks |
Income support (households) • Economic Impact Payments for adults ($600) and children ($600) |