The CARES Act added $600 a week to the unemployment benefits. That extra money is set to expire at the end of next month if lawmakers fail to act. In this video, we are going to talk about what that would do to the economy and your wallet.
At a press conference in the Rose Garden on Friday, President Donald Trump said he would like to see a payroll tax cut to help the American economy to continue to recover from the shutdown caused by the pandemic. What is a payroll tax cut and how much money would it mean to you?
Republicans are aiming to offer an alternative to Democrats’ push to continue the $600 weekly federal unemployment payments, which are in addition to state unemployment benefits. Some conservatives fear the amount is so high that it might be keeping people from returning to work.