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Tags: Coronavirus | jobless | covid | benefit

GOP Weighs Cut in COVID-Enhanced Unemployment to $400 a Month

GOP Weighs Cut in COVID-Enhanced Unemployment to $400 a Month
(Dreamstime)

By    |   Wednesday, 22 July 2020 03:35 PM

Republicans are considering the idea of extending the enhanced unemployment insurance benefit, albeit at a dramatically reduced level of $400 per month, through the rest of 2020, CNBC reported Wednesday afternoon. 

Back in March, as the coronavirus pandemic was causing a massive surge in unemployment due to a broad economic shutdown, Congress passed a $600-per-week ($2,400 a month) benefit enhancement in jobless benefits.

The policy expires at the end of July. And unemployment remains staggeringly high, above 11%, despite recent improvements in job growth. 

As reported by CNBC, the GOP has not made a final decision on how it will craft unemployment insurance in a bill set to be released this week. There have been discussions centering on a $200-a-week proposal, which is far from what Democrats have proposed. They have called for the $600 weekly enhancement to be available at least into 2021. 

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Republicans are considering the idea of extending the enhanced unemployment insurance benefit, albeit at a dramatically reduced level of $400 per month, through the rest of 2020, CNBC reported Wednesday afternoon. Back in March, as the coronavirus pandemic was causing a...
jobless, covid, benefit
144
2020-35-22
Wednesday, 22 July 2020 03:35 PM
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