![]() ![]() ![]() The memorandum signed by Trump was not an unemployment insurance benefit and would not come through the unemployment insurance program already instituted in states. If a state says that it does not have the funds or does not want to enter into the agreement with the federal government, the unemployed people in that state would receive zero dollars in the extra benefits (they would still receive the normal state unemployment insurance).Īlso, because Congress has not authorized an extension of extra federal unemployment assistance, the state will have to set up an entirely new system to deliver the additional aid, which could take months. Several experts told CNN there are major questions about how many states may be able to afford the extra cost. Already, 10 states have borrowed nearly $20 billion from the Treasury Department to cover their share of payments, which typically last 26 weeks. The millions of Americans who’ve filed for jobless benefits have drained several states’ unemployment benefits trust funds. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) Jim Watson/AFP/Getty Imagesįact check: Trump makes multiple false claims about Covid-19 relief as he signs executive actions ![]() US President Donald Trump speaks during a news conference in Bedminster, New Jersey, on August 8, 2020. This has been one of the main points of contention between Democrats, who want to allocate additional aid, and Republicans, who don’t want to bail out what they say are badly managed states. In fact, states have asked Congress to provide them with an additional $500 billion to help shore up their budgets, which have been crushed by the loss of tax revenue amid the pandemic. This official went on to say that they were not given any heads up on this executive action and that in the wake of the pandemic, their funds are completely tapped. “We don’t have that money,” the official said. Up to $44 billion from the Disaster Relief Fund would be made available for “lost wage assistance” to supplement state payments, according to the memorandum issued by the White House shortly after Trump’s news conference.īut when asked about the President’s executive action asking states to pay 25% of the $400 unemployment relief, an official from a northeastern state run by a Democratic governor laughed. With executive actions, Trump proposes a far-from-perfect solution that faces legal challenges (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) JIM WATSON/AFP/AFP via Getty Images US President Donald Trump speaks during a news conference in Bedminster, New Jersey, on August 7, 2020. And the federal government is requiring states to pick up the tab for 25% (or $100) of the $400 additional benefit each person may able to receive weekly in additional aid. A state must agree to enter into a financial arrangement with the federal government for any unemployed person living there to get any of the additional benefits. ![]() That’s generous but we want to take care of our people,” Trump said about his memorandum on unemployment benefits at his golf club in Bedminster, New Jersey.īut it’s more complicated than that. “I’m taking action to provide an additional or extra $400 a week and expanded benefits, $400. The other three actions he signed include a memorandum on a payroll tax holiday for Americans earning less than $100,000 a year, an executive order on “assistance to renters and homeowners” and a memorandum on deferring student loan payments. President Donald Trump tried to assert executive power by signing four actions on coronavirus relief Saturday, one of which will provide as much as $400 in enhanced unemployment benefits after Democrats and the White House were unable to reach an agreement on a stimulus bill this week.īut that memorandum on enhanced unemployment benefits – 25% of which states are being asked to cover – has more strings attached than the White House acknowledged and is seen as a cumbersome effort that may not help a lot of the unemployed. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |