Wednesday, May 27, 2020

Kudlow: $600-per-week boost to unemployment benefits won't 'survive the next round of talks'



White House economic adviser Larry Kudlow said Tuesday that he doesn't think that the $600-per-week boost to unemployment benefits will be extended in subsequent coronavirus relief legislation, suggesting that a future package would instead include alternatives to encourage people to go back to work.

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Democrats are largely supportive of the increased benefits, with House Democrats passing a bill earlier this month that would extend the $600 weekly boost through January 2021. But Republicans argue that the increase is creating a disincentive for people to go back to work, since some people are receiving more in unemployment benefits than they were in wages before they lost their jobs.

Some Republican lawmakers, such as Sen. Rob Portman (Ohio) and Rep. Kevin Brady (Texas), have floated the idea of a "back to work bonus," in which people who reenter the workforce could keep some portion of their unemployment benefits for some amount of time. 

Kudlow said that this idea is something that the White House is "looking at very carefully."

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