Covid Aid Invoice would add $ 300 to unemployment advantages

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A bipartisan Senate aid package would increase unemployment benefits by $ 300 per week for 16 weeks and extend unemployment benefits to millions of workers who are expected to lose benefits by the end of the year, according to a summary of legislation passed Wednesday.

The $ 908 billion bill, the 2020 bipartisan COVID Emergency Relief Act, would not provide retroactive benefits as some had hoped.

Unemployment increased by $ 300

Instead, the $ 300 weekly add-on to a worker’s current benefits would begin in late December and end in April depending on the framework. There was no specific period.

According to the Department of Labor, states paid around $ 320 a week to the average worker in October without that federal improvement. However, some states pay a lot less – just $ 5 a week.

Another federal scholarship would be awarded after the expiration of a $ 600 weekly add-on offered by the CARES Act of $ 2.2 trillion, followed by a $ 300-a-week add-on granted by the White House that summer .

Self-employed and gig workers

White House proposal

Momentum has developed for the bipartisan Senate framework issued last week by a moderate group of senators over the past few days.

The bill would allocate $ 180 billion for additional unemployment benefits and, according to the summary document, include money for other areas such as small business assistance, education finance, student loans, rental support and childcare. Legislators have yet to give details on aid to state and local authorities and liability protection for companies from litigation related to Covid.

However, the White House threatened to throw cold water on negotiators’ progress.

Treasury Secretary Steven Mnuchin made a $ 916 billion offer Tuesday to House Spokeswoman Nancy Pelosi, D-Calif., Which reportedly did not include a weekly increase in benefits.

The offer would instead give Americans a one-time stimulus check of $ 600 and reportedly extend the federal unemployment programs that are running out.

Mnuchin and White House Chief of Staff Mark Meadows reviewed the $ 916 billion proposal with President Donald Trump, Senate Majority Leader Mitch McConnell, R-Ky., And Minority House Chairman Kevin McCarthy, R -Calif., Said the finance minister in a statement on Tuesday.

“The president’s proposal begins with cutting the unemployment insurance proposal, which is debated by non-partisan members of the House and Senate, from $ 180 billion to $ 40 billion. That is unacceptable,” said Chuck Schumer, chairman of the Pelosi minority and the Senate, DN.Y., on Tuesday in a joint statement.

The Treasury Department and the White House have not returned a request for comment.

Senators involved in the bipartisan negotiations include: Bill Cassidy, R-La .; Susan Collins, R-Me .; Maggie Hassan, DN.H .; Angus King, I-Me .; Joe Manchin, DW.V .; Lisa Murkowski, R-Ak .; Mitt Romney, R-Ut .; Jeanne Shaheen, NH; and Mark Warner, D-Va.

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