fbpx

Sigh of Relief

After five days of national uncertainty, President Trump signed the long-awaited COVID relief bill, which was packaged up with an omnibus bill—money to keep the government running. In return, he demanded concessions from Senate Majority Leader Mitch McConnell, including a separate standalone bill to raise the bill’s $600 direct payments to $2,000 (unlikely to pass) as well as other requests that may or may not come to fruition.

But the big news is a slew of devastating consequences that now seem averted. Eviction protections will not lapse; the government will not shut down; money will flow for vaccine distribution; unemployment insurance will not be cut off; schools and the airline industry will see some relief; and a new round of forgivable PPP dollars will see the light.

Americans earning $75,000 (adjusted gross income) or below will receive checks for $600, a sum that will quickly take a dive for incomes in excess of that amount ($50 will be subtracted from the $600 payment for every additional $1,000 of income) before evaporating entirely at $87,000. Dependent children are also eligible for the $600 direct payments; therefore, a family of four will receive $2,400. Similar to the Cares Act from the spring, paper checks will likely face some delay: Taxpayers who have their direct deposit information on file with the IRS will receive their money more quickly than those who do not.

Watch this space for further updates.

You May Also Like

Hallandale Beach Event Series Seeks New Restaurants and Additions

The lineup is part of the South Beach Wine & Food Festival, which has raised over $37 million for the Chaplin School of Hospitality & Tourism Management at FIU.

Hallandale Beach Presents Celebrity Chef Dinner and Food & Groove Events

The outings are part of the South Beach Wine & Food Festival.

Coral Gables Loews Hotel Hosts Annual Mayor’s Ball in Support of League Against Cancer and Coral Gables Foundation

The 2nd Annual Mayor’s Ball was recently held at the Coral Gables Loews Hotel to raise funds for the League Against Cancer and The Coral Gables Community Foundation. The event was

Friends of Jack & Jill Center Hosts Annual Winter Carnival

The fun-filled community event aims to raise much-needed funds for children and families in need.

Other Posts

Battier Take Charge Foundation Hosts Annual Fundraiser

The event will feature wine tasting, finner and karaoke to raise funds for college scholarships.

Gulfstream Park Hosts 2024 Pegasus World Cup Racing Championship

The 2024 Pegasus World Cup will make its highly anticipated return to Gulfstream Park on Jan. 27. Organized by 1/ST, the event is known for attracting world-class Thoroughbred racehorses, A-list celebrity attendees,

BBX Capital and Neighbors 4 Neighbors Partner to Adopt Families With Children Battling Cancer

Over 90 families were treated to a special day of festivities.

Sunshine Provisions Plans for Further Growth in Florida

The South Florida-grown purveyor of premium meats and gourmet goods was established in 2015.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.