Republicans Mulling 70% Wage Replacement for Unemployed

Senate Republicans are considering whether to cut the unemployment insurance subsidy to 70% of the $600pw addition to state-run unemployment programs provided by the last round of economic aid, or pushing for 70-75% of prior wage replacement, a smaller benefit.

• Senate Majority Leader Mitch McConnell will make the final call on what ends up in the proposal, which could be made public as soon as Wednesday
  
  • McConnell is trying to fit many policy proposals under a $1 trillion cap in an effort to acknowledge concerns over increased deficits
• NOTE: President Trump hinted at the internal debate during a Tuesday press ...