Senate Republicans, White House seek to reduce weekly unemployment benefit from $600 to $200 [View all]
Last edited Mon Jul 27, 2020, 01:11 PM - Edit history (1)
Source: Washington Post
By
Erica Werner,
Jeff Stein and
Seung Min Kim
Senate Republicans will propose cutting weekly emergency unemployment benefits from $600 to $200 until states can bring a more complicated program online, according to two people familiar with the plan granted anonymity to share details that had not yet been released.
The proposal will come as part of a broader $1 trillion stimulus bill aimed at dealing with the economic fallout caused by the coronavirus. Republicans plan to release later on Monday and that they hope to use during negotiations with Democrats. The $600 weekly jobless benefit expires in a few days, and House Democrats have proposed extending it until January because the unemployment rate remains very high.
Senate Republicans want to reduce the $600 payment to $200 until states can implement a new approach that would pay workers 70 percent of the income they collected before they lost their jobs. The states are supposed to phase in the new formula within two months.
The Republican package will also propose cutting the current $600-per-week increase to $200-per-week as states implement the transition to the new wage replacement mechanism, these people said, as many state unemployment systems are expected to have difficulty implementing the more targeted program.
Read more: Link to sohttps://www.washingtonpost.com/us-policy/2020/07/27/senate-stimulus-coronavirus/
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