Earlier this week, Senate Republicans unveiled their stimulus proposal to help Americans who continue to suffer from the economic effects of the coronavirus pandemic. Included in the $1 trillion package is a proposal to cut the $600 weekly boost to unemployment insurance benefits, which is about to expire, to $200 per week for the next two months. Then, beginning in October, the unemployed would receive a payment that would replace 70% of their lost wages when combined with their state benefit. Those payments would continue through the end of the year.
Earlier this week, Senate Republicans unveiled their stimulus proposal to help Americans who continue to suffer from the economic effects of the coronavirus pandemic. Included in the $1 trillion package is a proposal to cut the $600 weekly boost to unemployment insurance benefits, which is about to expire, to $200 per week for the next two months. Then, beginning in October, the unemployed would receive a payment that would replace 70% of their lost wages when combined with their state benefit. Those payments would continue through the end of the year.
