Who loses most from the GOP unemployment benefits proposal in the HEALS Act
— to about $521 a week — for the average worker, according to a CNBC analysis.
This aspect of the GOP plan would cut current aid by 44% for the typical worker, according to Ernie Tedeschi, an economist at Evercore ISI and a former Treasury Department official.Of course, it's worth noting that a 70% replacement rate is "very generous" by historical standards, said Susan Houseman, research director at the W.E. Upjohn Institute for Employment Research.
The $600 weekly boost in unemployment aid has benefited lower earners the most. So they stand to feel the pain of a less-generous benefit more acutely than others.
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