Biden plan would up extra unemployment benefit to $400
By Niv Elis - 01/14/21 05:24 PM EST
President-elect Joe Biden’s COVID-19 package will propose increasing additional weekly unemployment benefits from their current $300 weekly level to $400, and extend that and other emergency benefits through the end of September.
The level of additional weekly benefits has been a major sore spot in COVID-19 negotiations.
Regular state unemployment benefits amount to only a fraction of regular income, so Congress originally approved a $600 additional weekly benefit as part of the CARES Act in March.
But Republicans objected that the addition was imprecise, and would leave many with warped incentives. Studies showed that the additional income left as many as two-thirds of recipients better off with unemployment benefits than in their jobs.
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https://thehill.com/policy/finance/534327-biden-plan-would-up-extra-unemployment-benefit-to-400
