White House chief of staff Mark Meadows said Sunday the president was not interested in extending the $600 weekly boost to federal unemployment benefits as they’re set to expire on July 31.
Meadows said the $600 per month increase to unemployment “actually paid people to stay home” and “people got more money staying at home than they would going back to work.”
The $600 weekly boost was passed in March as part of the CARES Act in order to supplement the gap between a worker’s lost wage and state unemployment benefits, which cover just a portion of a person’s previous earnings.
Meadows said the Trump administration planned to support an effort to expand unemployment insurance that would provide up to 70% of an individual’s lost wages — though state officials have previously warned such a plan would take weeks to implement.
Visit Business Insider’s homepage for more stories.
White House chief of staff Mark Meadows said Sunday that the Trump administration was not interested in extending current federal unemployment benefits instituted earlier during the pandemic because it “paid people to stay home.”
“The original unemployment benefits actually paid people to stay home, and actually a lot of people got more money staying at home than they would go back to work,” Meadows said during an appearance Sunday on ABC’s “This Week.” “The president has been very clear, our Republican senators have been very clear, we aren’t going to extend that provision.”
As Business Insider’s Joseph Zeballos-Roig reported, approximately 32 million Americans on unemployment could see a reduction in benefits up to 75% by the end of the month if Congress does not renew or replace its $600 weekly boost to unemployment payments. Lawmakers had instituted the boost as part of the CARES Act in March to keep Americans afloat during the COVID-19 pandemic as benefits from states often cover just 30% to 50% of a worker’s lost wages.
Asked whether expiring federal unemployment benefits will be extended, WH Chief of Staff Mark Meadows says “The original benefits will not… We are going to be prepared, on Monday, to provide unemployment insurance extension that would be 70% of wages.” https://t.co/qxICVVlxra pic.twitter.com/cDY6VWjXNN
— This Week (@ThisWeekABC) July 26, 2020
On Friday, Senate Majority Leader Mitch McConnell said he would like to negotiate a new stimulus package with Democrats “in the next few weeks,” though The …read more
Source:: Business Insider