Democrats push for payroll subsidies, even for laid off workers - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Democrats are pushing for payroll subsidies to keep paychecks flowing — even for workers who were laid off

While a bipartisan provision for paycheck subsidies, led by Democratic Rep. Stephanie Murphy of Florida, was included in the, the stimulus bill has been dismissed by Senate Majority Leader Mitch McConnell, and the president called it "dead on arrival."

In a direct effort to lower the unemployment rate, Jayapal's bill would automatically renew until the unemployment rate stays below 7% for three months in a row. Jayapal's legislation was praised by former Federal Reserve Chair Janet Yellen, who said the paycheck subsidy is a "smart, quick and effective way to channel aid to workers through their firms." the Paycheck Security Act, which would also provide salary and benefits up to $90,000 per worker.

But, both pieces of legislation would likely face opposition from Republicans, who control the Senate. It's unclear if President Donald Trump would support the effort.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

WE stimulate the economy, not corporations. So yes, great idea.

What is the Worst trick to play on a Democrat - Put their paycheck in their Workboots - They'll NEVER Find it!

OPEN UP SMALL BUSINESS and stop this stupidity!

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Uber plans to increase severance to hourly workers who were laid off - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Sanders, Democrats introduce bill for government to cover worker paychecks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. communism
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »