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Trump indicates support for renewing boosted unemployment insurance payments, says he wants to ‘get funds to people so they can live’

Editor Business Insider August 5, 2020

  • President Donald Trump indicated he could support a federal unemployment benefit, saying “we want to get funds to people so they can live” in a Fox News interview.
  • But he still expressed concern about causing a disincentive to work, mirroring other Republicans who opposed a now-lapsed $600 government supplement for the same reason.
  • Democrats are seeking to restore the bulked-up benefits through January and keep it in place while jobless rates are high.
  • Experts say that the payouts have not caused work disincentives since unemployed people outnumber available jobs by at least four to one.
  • Visit Business Insider’s homepage for more stories.

President Donald Trump indicated on Wednesday he would support extending a federal supplement to unemployment benefits in a final stimulus deal with Democrats. But he expressed concern about causing a disincentive to work.

“We want to get funds to people so they can live but we don’t want to disincentivize people” from returning to the workforce, the president said in a Fox News interview. However, he did not specify a benefit amount.

Trump also railed against extending additional aid to states, calling it a “bailout” for cash-strapped state governments. That’s been a critical Democratic demand for months as …continued .
[Source: Business Insider]

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