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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTreasury Secretary Steven Mnuchin to unemployed, "Fuck you!"
Treasury Secretary Steven Mnuchin said Thursday that the Trump administration wants to cap enhanced unemployment benefits in the next coronavirus package to make sure workers do not get benefits amounting to more than their former wages.
Under the coronavirus bill enacted in March, workers, to encourage compliance with stay-at-home orders, received as much as $600 per week in addition to their regular unemployment benefits, which critics say encouraged the jobless to not look for work.
You can assume it will be no more than 100%, so, yes, we want to incent people to go back to work, Mnuchin told the cable channel CNBC.
The House has passed legislation that would extend the $600 in extra weekly payments until December.
https://www.msn.com/en-us/money/markets/goodbye-extra-600-unemployment-benefits-won-t-exceed-former-wages-in-next-stimulus-bill-treasury-s-mnuchin-says/ar-BB16y2j5?li=BBnbfcN&ocid=DELLDHP
Let's see you live on that Mnuchin. You probably spend that much just for lunch.
Newest Reality
(12,712 posts)Laelth
(32,017 posts)This just means less federal money for low-wage earners.
Vile.
-Laelth
smirkymonkey
(63,221 posts)People will remember this.
John Fante
(3,479 posts)Without that disposable income, revenues will plummet nationwide (which will lead to layoffs), mortgages and rent won't get paid, and belts will tighten.
Republicans can't govern to save their lives.
smirkymonkey
(63,221 posts)We all know they don't give a damn about people.
Unless, of course, they plan to cheat.
Wait, that can't be, can it? Would they really do that?
brewens
(13,596 posts)after this is over. I think when people see how it all shakes out, the shit will hit the fan and stay hit!
bdamomma
(63,875 posts)hope that greed chokes you.
Arrogant POS.
Wellstone ruled
(34,661 posts)the next day following that Bill Signing,the Recession and Depreciation will be hence forth known as the Trump-Mnuchin Depreciation. You will get your Monument.
John Fante
(3,479 posts)why did the economy create so many jobs last month? Republicans never know what the fuck they're talking about.
They just don't want the peons to get a taste of the wages they SHOULD be making.
dalton99a
(81,516 posts)stopbush
(24,396 posts)How does that work?
soothsayer
(38,601 posts)I dont mean the ones who used it properly, but the greedy rich ones who cashed in.
captain queeg
(10,208 posts)So they transfer their own values and actions onto others.