⁍ The provision is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act and set to expire in July.
⁍ Republicans say the payments may encourage people not to work.
⁍ Democrats have said they won’t get behind another stimulus package unless it includes the payments.
⁍ Under the current unemployment payment structure, about two-thirds of people who were laid off are making more than what they were making when they were working.
– A provision in the $2 trillion Coronavirus Aid, Relief, and Economic Security Act that helps laid-off workers make an extra $600 every week on top of their state unemployment benefits is set to expire in July. Republicans say the payments may encourage people not to work, while Democrats have said they won’t get behind another stimulus package unless it includes the payments. Three analysts interviewed by Business Insider predicted lawmakers and the White House would reach a compromise. Under the deal, which they think will pass in early August, they predicted the payments wouldn’t be as generous as they are now. Still, they think unemployment benefits will see a slight boost from pre-pandemic levels—and that people will get a bonus if they go back to work. ‘I could see some conjunction of reduction in unemployment with a combination of back-to-work assistance,’ Ben Koltun, a senior research analyst at Beacon Policy Advisors, said.
Source: https://www.businessinsider.com/analyst-predictions-for-unemployment-benefits-in-stimulus-package-2020-7