Job Creators Network Reacts to Possible Extension of Unemployment Benefits
Washington, DC (July 22, 2020) — Senate Republicans are considering a short-term extension of the $600 weekly supplement to unemployment benefits.
“This is a terrible idea. Federal unemployment benefits have been so large that they have dissuaded people from going back to work. Many could make more money by being unemployed than employed. That is untenable for an economy with as much promise as ours. The negative effects are well-documented by the Ways and Means Republicans, who compiled a report about it. On Friday, JCN sent a letter to Senate leaders urging them to let extended unemployment benefits lapse and start a new program called Employment Assurance. We envision it as a $300 employer tax credit for each new employee hired over the next few months plus a $300 weekly back-to-work bonus paid directly to each new employee for the next three months. Businesses with 100 employees or fewer would be eligible for the credits. New employees at businesses of any size should be eligible for this bonus. Everyone wins with such a program. We also need a payroll tax cut for small businesses, and I’m pleased that we’re getting closer to that, thanks largely to Secretary Mnuchin.”
Today, Breitbart published Mr. Ortiz’s op-ed, Perpetual Unemployment Benefits Is Just Part of Democrats’ Broader Seattle-Style Socialist Agenda. To read it, click here.