FORBES: States Cutting $300-A-Week Unemployment Benefits Face $12 Billion Economic Hit, Congressional Committee Says
Nicholas Reimann | June 2, 2021
The 24 states that plan to cut off federal unemployment benefits in the coming weeks stand to have their economies lose a combined $12 billion, according to a report from the U.S. Congress Joint Economic Committee, countering claims from Republican lawmakers and business groups who say dropping the $300-a-week benefits is necessary for a continued economic recovery.
Nicholas Reimann | June 2, 2021
The 24 states that plan to cut off federal unemployment benefits in the coming weeks stand to have their economies lose a combined $12 billion, according to a report from the U.S. Congress Joint Economic Committee, countering claims from Republican lawmakers and business groups who say dropping the $300-a-week benefits is necessary for a continued economic recovery.
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“If states proceed with their plans to end these critical programs, they will be ripping the rug out from under millions of Americans and further hindering our economic recovery,” Beyer said.
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