New stimulus plan ends $600 unemployment benefits — here's what you'll get instead
New stimulus plan ends $600 unemployment benefits — here's what you lot'll get instead
Senate Republicans are unveiling their next stimulus package today, and though the proposal is set to include a stimulus check 2, it'south too likely to reduce federal unemployment benefits to just $200 per week, CNN reports.
The first CARES Act passed in March provided an additional $600 a week from the federal authorities for out-of-work Americans on top of country unemployment benefits. That relief expires on July 31, and lawmakers have been at odds over whether to continue federal unemployment and at what level.
- The latest news on stimulus check ii
- Use this stimulus check 2 calculator to come across how much you qualify for
Initial reports suggest that the Senate GOP proposal drops the weekly benefit to $200 — so while workers volition still receive federal unemployment, those stimulus checks will be significantly smaller.
Plus, the $200 bonus volition go on for but two months: states are beingness asked to implement a system that pays out benefits until laid-off workers have received 70% of their wages. After that betoken, federal unemployment benefits will stage out.
However, lawmakers and White Firm negotiators still seem unsure whether state unemployment programs volition exist able to transition to a new organization in just a few months—or at all.
As the Senate continues to debate its proposal with Business firm Democrats and the White Firm, many Americans are looking not just at the reduction of federal unemployment relief and a possible delay in payments. In some states, workers must reapply to extend their standard unemployment benefits, a process that could accept time to navigate.
What near stimulus check 2?
One thing Americans can count on: stimulus check ii. Though a stimulus bank check 2 date has non been set, lawmakers accept agreed to ship another round of $one,200 to unmarried workers making less than $75,000 per yr and married workers making less than $150,000, with phased-out benefits for those earning up to $99,000 and $198,000, respectively.
If you got a check with the first stimulus package, you can expect to get another i for the aforementioned amount. This stimulus check 2 calculator can provide some insight on how much money you can expect.
And if you however haven't received your first relief payment and believe y'all're eligible, check your condition using the IRS's Go My Payment app or call a representative at the IRS stimulus check phone number.
CARES 2: What happens next?
Before any money gets paid out, Senate Republicans have to come to a consensus with House Democrats, and President Trump has to sign their final bill.
But even equally lawmakers become closer to an agreement, sticking points remain. The White Firm reportedly wants to narrow the scope of relief beyond what the GOP is proposing, while Business firm Democrats may resist cutting dorsum federal unemployment benefits or limiting relief to a per centum of workers' pre-pandemic wages.
Leaders are on a tight timeline to come up to consensus: the Senate is scheduled to start its side by side recess on Aug. 10 and will non be back in session until early September. If a proposal does not pass, Americans could be waiting on their stimulus checks and ongoing unemployment benefits until the fall.
- Stimulus check 2: Who does (and doesn't) qualify for payments
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Source: https://www.tomsguide.com/news/new-stimulus-plan-ends-dollar600-unemployment-benefits-heres-what-youll-get-instead
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