GOP Plans Unemployment Reduction

GOP Plans Unemployment Reduction

(AmericanProsperity.com) – Federal spending skyrocketed during the COVID-19 pandemic as lawmakers fumbled through measures meant to help Americans who were forced to stop working. At the same time, President Donald Trump warned the cure couldn’t be worse than the disease. People may finally be taking his warning seriously.

The HEROES Act, passed by the House in May, has been in limbo as Congress decides the right amount and type of spending needed to alleviate economic woes. To help slow the rising national debt, GOP lawmakers now propose a less expensive change.

If the act is pushed through the Senate as-is, it would extend the $600 unemployment benefit established under the CARES act until January. The cost? Approximately $400 billion.

In response, Senate Majority Leader Mitch McConnell (R-KY) is likely to propose a stimulus package giving Americans collecting unemployment benefits an additional $200 per week instead of $600.

However, as negotiations continue, it could go up to $400 per week, at most.

President Trump still wants to see a payroll tax cut for businesses in the next relief package. However, only time will tell what it’ll bring given the heated debates and bickering taking place. Americans can make their voices heard by reaching out to their representatives.

~Here’s to Your Prosperity!

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