NEW YORK (1010 WINS) — With the first wave of expanded COVID-19 unemployment benefits set to expire at the end of this month, officials are weighing the possibility of lowering the amount of the weekly payment but extending its duration through the end of the year.
GOP lawmakers are considering lowering the expanded unemployment benefit to $400 a month — but extending it through Dec. 31, CNBC reported Wednesday afternoon, citing sources.
Currently, based on legislation passed in March, the expanded unemployment benefit is $600 per week — or $2,400 per month — but that policy expires at the end of July.
Republicans previously discussed additional payments of about $200 per week — $800 a month — which is double what they are now considering.
But Democrats want to keep the amount to $600 per week — and make it available until at least next year.
Republicans argue that there is little motivation for people to return to work if they receive $600 per week.
On Tuesday, Senate Majority Leader Mitch McConnell took to the Senate floor to declare, once again, his support of a second round of stimulus checks.
“And speaking of building on what worked in the CARES Act, we want another round of direct payments to help American families keep driving our national comeback,” the Kentucky Republican said.
While McConnell was emphatic that stimulus checks are needed, he didn't get into any details.