A group of economists has proposed replacing the weekly $600 unemployment enhancement with up to $400 a week and encouraging people to find jobs with payroll subsidies.
A group of well-known economists — Jason Furman, Timothy Geithner, Glenn Hubbard and Melissa Kearney — proposed replacing the $600 weekly enhancement to unemployment benefits with up to $400 a week after July.
Lawmakers should replace a $600 unemployment supplement for jobless workers with a maximum $400 a week, according to aThe proposal comes as Democrats and Republicans debate the merits of extending the $600 weekly enhancement to unemployment checks, which is scheduled to end after July 31. The policy would continue weekly aid at a reduced amount. It would also offer a payroll subsidy, either via an extra tax credit or "hiring bonus," to incentivize workers to rejoin the workforce.
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Top economists propose to enact up to $400 in additional weekly unemployment benefits - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Extra $600 in weekly unemployment benefits runs out next month. Here's how to prepareThe millions of Americans who have filed for unemployment benefits since the pandemic hit the economy in March face an unwelcome surprise next month.
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Top economists propose to enact up to $400 in additional weekly unemployment benefits - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Tilman Fertitta calls for extension to $600 unemployment benefit: 'Let's keep the economy going''This administration has made a lot of good calls. Let's do it for at least another 90 days,' Landry's Chairman Tilman Fertitta told CNBC.
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