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Even as unemployment remains at an 80-year high, Congress is considering letting the extra $600 a week in jobless benefits expire at the end of July.
The extra $600 per week in unemployment benefits is set to expire at the end of July. Lawmakers still have not agreed on what to do about it. The $600 boost in unemployment benefits expires soon.
“Super unemployment,” the slightly tongue-in-cheek phrase for the enhanced unemployment benefits contained in the Coronavirus Aid, Relief and Economic Security (CARES) Act, will end on July 31.
Federal Pandemic Unemployment Compensation (FPUC), an additional $600 per week for those receiving unemployment benefits, in addition to the amount allotted by the specific state. The additional amount was available from the date the CARES Act was enacted (March 27, 2020) through July 26, 2020.
The sprawling $2 trillion CARES Act provides an extra $600 a week to every unemployment recipient who lost work due to the coronavirus. ... millions of out-of-work Americans receiving Unemployment ...
The HEALS Act includes increased funding for schools and higher learning institutions, as well as hospitals. The HEALS Act would not provide additional funding for state and local governments short on tax revenue due to shutdowns and business closures, and would also reduce expanded unemployment benefits from $600 per week to $200. [9] [10]
The confusion of the language led some states to list July 31 as the end date of the benefits, when it's actually a few days earlier. Extra $600 in unemployment benefits could expire before July ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.