Quote:
Originally Posted by Xist
"Furloughed workers would get whatever amount a state usually provides for unemployment, plus a $600 per week add-on, with gig workers like Uber drivers covered for the first time."
"Republicans also won inclusion of an `employee retention' tax credit that's estimated to provide $50 billion to companies that retain employees on payroll and cover 50 percent of workers' paychecks. Companies would also be able to defer payment of the 6.2 percent Social Security payroll tax."
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My understanding is that these were the two biggest sticking points. Republicans did not want to expand unemployment - either in the amount per month or expanding it to more workers than currently covered.
Also Republicans didn't want to require large corporations to keep their staff on payroll to get help like is required for small businesses. Democrats wanted employers to have to keep staff and pay them 100%. It seems they settled on keeping staff and paying them 50%. Also this stipulation is tied to a separate $50 billion pot of money not the $500 billion pot.
While any help is good this will be a big blow for the 50% of US workers that work for large corporations