We Are Open (With Safety Precautions) & Ready To Help:  Click Here To Watched Our Covid-19 Webinar — What Employers Need to Know

washington dc congress building at night

Trump's Federal Unemployment Supplement Runs Dry as Congressional Compromise in Doubt

In the absence of a Congressional compromise on additional pandemic federal funding, in August President Trump extended an extra $300.00 per week from the federal government to most unemployment compensation recipients, but the funding has now run out and will not extend beyond the week that ended September 5, 2020.  The Administration is supposedly looking at ways to extend the program even absent Congressional approval. 

So far, Congressional leaders have not reached agreement on an additional stimulus package, as Republicans have been pushing for a bill for around $1 trillion, while Democrats have been pushing for a bill more than twice that.  The latest proposal from the Republicans provides a $300.00 per week unemployment benefit enhancement, $258 billion for the Paycheck Protection Program for small businesses, liability protections for employers, and other provisions.  The most recent proposal made by a 50-member equal group of House Republicans and Democrats provides an approximately $1.5 trillion stimulus plan, with additional aid to state and local governments, a key point demanded by the Democrats.  Under the plan, the 50-member group is supporting $450.00 per week federal unemployment supplement for eight weeks and then applying a formula capping benefits at 100% of previous wages or $600.00 per week, whichever is lower.   President Trump in mid-September indicated he was supportive of the $1.5 trillion stimulus proposal from the bipartisan group, with the President wanting to campaign for re-election on a platform of strong economic recovery.  Some Republicans are reluctant to spend more money on stimulus with the deficit over $3 trillion this year.

Wimberly, Lawson, Steckel, Schneider & Stine

3400 Peachtree Road, Ste 400 / Lenox Towers / Atlanta, GA 30326 /404.365.0900

Where Experience Counts

Thank you for visiting the firm's website. Please note that this website is intended for general information purposes only and does not constitute an offer of representation or create an attorney-client relationship with the firm. The firm welcomes receipt of electronic mail but the act of sending electronic mail alone does not create an attorney-client relationship. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include the firm's copyright notice.

© 2020 Wimberly, Lawson, Steckel, Schneider & Stine P.C. | Site By JSM