- The federal unemployment benefit officially expired on Friday, and lawmakers are continuing talks to negotiate an extension, but still have to agree.
- With a new interactive map from the U.S. Chamber of Commerce, you can compare the impact of each proposal on your state and its unemployment benefits.
- Each proposed plan has a weekly surcharge of between $ 400 and $ 600.
- In countries with the highest increase in coronavirus cases, unemployment benefits could decrease the most.
- You can find more stories on the Business Insider homepage.
As government employment benefits officially expire, the U.S. Chamber of Commerce released an interactive map that shows users what their unemployment benefits would look like for each proposed plan.
On Thursday, the Senate Democrats blocked a GOP proposal that would have continued the federal benefits but would have cut the $ 600 bonus to $ 200. The Senate Democrats' proposal had an incentive of $ 3 trillion and continued the $ 600 benefit until January 2021.
Earlier this week the GOP announced the HEALS law, which would cut unemployment benefits by 44% The $ 200 surcharge would be granted in the first two months. Countries with the largest increase in coronavirus cases would be the same countries where benefits would be cut the most.
Negotiations on the proposals continued until the weekend, but no agreement was reached.
As talks continue, people can use the interactive map of the U.S. Chamber of Commerce to examine the impact of all three proposals and what state unemployment benefits would look like.
The three suggestions listed on the website are as follows:
- Republican Senate proposal: 70% income replacement with a ceiling of $ 500. The $ 200 advantage is also still on the table.
- US Chamber of Commerce proposal: 80% -90% income replacement with a cap of $ 400.
- House Democrats' proposal: the $ 600 surcharge remains.
The Republicans were determined to lower the weekly bonus from $ 600 to $ 200. They said $ 600 was too high and would keep people from working, although a recent Yale study found no evidence that weekly payments reduced employment.
The average unemployment check is $ 378 a week. according to CNBC. With the $ 600 supplement, those receiving benefits could live comfortably while still looking for employment.
House speaker Nancy Pelosi was planned to meet with Chuck Schumer, Senate Minority Chairman, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows to further discuss the expansion of unemployment benefits.