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Showing Original Post only (View all)Rs want to pay 70% of earnings for unemployed. Did they think this through? [View all]
Lets say you live in CA and make $150,000 a year. 70% of $150,000 is $105,000, or $2019 a week.
The max UI benefit paid by CA is $450 a week. That would mean that the Feds would need to pay out $1569 a week in UI benefits for such an earner to receive 70% of their salary. Thats about 2.5 times MORE than the $600 a week the Feds are currently paying out. BTW, such an earner currently receives about 52% of their wages On the combined CA + Fed benefits. Theyd love to get 70%.
The devil is in the details.
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Rs want to pay 70% of earnings for unemployed. Did they think this through? [View all]
stopbush
Jul 2020
OP
Mnuchin says GOP plan for unemployment extension will be based on '70% wage replacement'
MrsCoffee
Jul 2020
#4
Could there be a cap, like there was a ceiling for people to receive stimulus checks? nt
Mike 03
Jul 2020
#5
But should any level of earner be made to suffer due to tRump's massive fuck up?
stopbush
Jul 2020
#32
I agree that this might not be what they intended. But it is a more equitable solution
Buckeyeblue
Jul 2020
#7
Yes it is. The biggest thing is to get Bill's paid and to get money flowing to businesses.
Buckeyeblue
Jul 2020
#20
We're in the same boat. My CA weekly benefit is only $167 as I filed off a 1099.
stopbush
Jul 2020
#13
By several accounts it will take states 6-20 weeks to figure, program, and distribute at 70%
underpants
Jul 2020
#17