Stimulus Check Second Round: What’s A ‘Back-To-Work Bonus?’ Republicans Favor Different Payments Than Democrats – By Wesley Dockery (IB Times) / June 27 2020
As the U.S. continues to face an economic crisis due to the ongoing coronavirus pandemic, Republicans and Democrats have a different approach to additional financial support for Americans. Top congressional Republicans have been floating the idea of a “back-to-work” bonus as an alternative to direct payments.
Under the Cares Act stimulus package passed in March, those receiving state unemployment would receive an additional $600 a week in benefits from the federal government. Some Republicans believe these enhanced unemployment benefits are too lucrative and entice individuals to stay home instead of going back to work. These “back-to-work” bonus proposals would encourage individuals to return to the workplace by offering a financial incentive.
Sen. Rob Portman, R-Ohio, proposes $450 a week to those who were unemployed and returned back to work. The benefit would last through July 31, the same day the extra $600 a week in unemployment benefits expires. This proposal would only help those who were unemployed and have now returned to work.
Rep. Kevin Brady, R-Texas, suggests a “$1,200 hiring bonus” to those returning back to work under his Reopening America by Supporting Workers Act legislation. Individuals on unemployment benefits who return to work by July 31 would be able to claim this bonus.
Continue to article: https://www.ibtimes.com/stimulus-check-second-round-whats-back-work-bonus-republicans-favor-different-3001701
