CARES Act: What’s in it for Small Businesses, the Self-Employed and Gig Workers

There are a lot of summary documents that have been provided by committees, congressional leadership and others, but let’s start first with a Q&A document provided by GOP Minority Leader Kevin McCarthy. The Q&A provides a broad outline of key features of the CARES Act, including small business provisions. Highlights of this document as it relates to small businesses, entrepreneurs and the self-employed, include:

Q: Unemployment Insurance – are the self-employed, gig workers, and contractors eligible? A: Yes, the bill expands unemployment benefits to cover more workers including self-employed and independent contractors, like gig workers and Uber drivers, who do not usually qualify for unemployment. Overall, the bill provides $250 billion in funding for expansion of unemployment benefits, the largest increase ever.

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