Standard unemployment benefits, but starting in week 1 and with no job search requirement for airline/restaurant/hospitality industry layoffs, should be the main economic response to this.
Additionally, 2019 & 2020 self-employment taxation could be made personally optional in exchange for an eight percent future Social Security benefit reduction.
States could partially or completely refund real property taxes to restaurants and bars.
States could waive retail store sales taxation until the end of the year.
The federal government might pay for 80% of the cost of the last two items.
For airlines, loans might be issued up to the amount of plane lease payments subject to payback in cash or effectively by 10 cents a mile on federally-related passenger discounted flights which must be offered and priced at $20 plus 10 cents a mile. The federal agency would pay the $20 plus 10 cents a mile for its passenger and the FAA might take 10 cents a mile off the loan balance.
Welfare recipients don’t need or deserve yet another check.
Nothing is going to stop a two-month economic slowdown except a drug proven to be effective against coronavirus.
By November, the economy should be humming along from pent-up demand.
Hotels and motels could rent out rooms at apartment level rates.
Restaurants could cater high-class meals for the self-isolating vulnerable on say weekly or monthly plans. They might also deliver half-gallons of milk, fresh bread, soda, etc.
Yes, car and house sales will be slow in March and April, but they’ll be made up for later on.
The coronavirus will not prevent roofs from needing to be replaced or drains from clogging.
Any federal loan to an airline should be on a federal priority basis and secured by airport slots.