Issues & Insights

Unemployed Could Get $100,000 From Biden’s Stimulus

newspaper want ads for jobs. Source: Wikimedia Commons

Excerpt provided by the Committee to Unleash Prosperity. Sign up to receive a free subscription to the full weekday Unleash Prosperity Hotline newsletter by clicking here: https://committeetounleashprosperity.com/hotline/

A new piece in the Wall Street Journal by CTUP’s Stephen Moore and Casey Mulligan reports that the “stimulus” bill will reduce employment by between 6 and 8 million jobs because it pays people not to work.

The new bill will create one of the largest expansions in government welfare benefits since LBJ launched the failed War on Poverty (poverty won). The bill includes six months of weekly $400 bonus unemployment benefits on top of the normal weekly benefits, a $3,000 per-child tax credit, an expansion of food-stamp and rental-assistance benefits, $2,000 per person checks, and expanded health-care benefits.

A family of four with two unemployed parents will be eligible for benefits ranging from $100,000 to $150,000 (with no payroll tax) in benefits on an annualized basis. In other words, the stimulus pays most unemployed people more money not to work than to go back on the job. 

This isn’t a safety net, it’s more like a hammock. 

Also, check out :

  • Time to declare school emergency in California
  • Will GOP agree to a minimum wage hike?
  • Dems problem with Trump voters

click here: https://committeetounleashprosperity.com/hotline

Will You Help Us In The Fight For Free Speech?

Issues & Insights was founded by seasoned journalists of the IBD Editorials page. Our mission is to provide timely, fact-based reporting and deeply informed analysis on the news of the day -- without fear or favor.

We’re doing this on a voluntary basis because we believe in a free press, and because we aren't afraid to tell the truth, even if it means being targeted by the left. Revenue from ads on the site help, but your support will truly make a difference in keeping our mission going. If you like what you see, feel free to visit our Donations Page by clicking here. And be sure to tell your friends!

You can also subscribe to I&I: It's free!

Just enter your email address below to get started.

Share

The Committee to Unleash Prosperity

2 comments

  • Interesting tidbit you’ve posted here.

    But, this isn’t a benefit in perpetuity, it would only be for at most for one year, correct?

    It isn’t like the usual “Welfare Trap” Democrats have a habit of placing their constituents into, is it?

    Just wondering.

About Issues & Insights

Issues & Insights is run by the seasoned journalists behind the legendary IBD Editorials page. Our goal is to bring our decades of combined journalism experience to help readers understand the top issues of the day. We’re doing this on a voluntary basis, because we believe the nation needs the kind of cogent, rational, data-driven, fact-based commentary that we can provide. 

We Could Use Your Help

Will you help us fight for honesty in journalism and against the tyranny of the left? Issues & Insights is published by a team of volunteers who believe in free speech and in quality journalism. If you like what you see, leave a donation by clicking on the Tip Jar above. You can also set up regular donations if you like. Ad revenue helps, but your support will truly make a difference. (Please note that we are not set up as a charitable organization, so donations aren't tax deductible.) Thank you!

Subscribe to Issues & Insights via Email

Enter your email address to subscribe to I&I and you can receive notifications of new articles in your email. It’s simple, and free.

Join 4,920 other subscribers

%d bloggers like this: