'It looks like the president is joining those in his party who believe the unemployment check is too damn high'
Get back to work! Photo: Patrick Semansky/AP/Shutterstock Most of the debate over a new coronavirus stimulus measure involves new assistance Democrats think the country needs that Republicans oppose on grounds that such past legislation as the $2.2 trillion Cares Act needs to be fully implemented before Congress takes further action. So it’s one party wanting to act, and another wanting to “pause” .
Now it looks like the president is joining those in his party who believe the unemployment check is too damn high. According to Seung Min Kim of the Washington Post, “Trump on Tuesday privately expressed opposition to extending a weekly $600 boost in unemployment insurance for laid-off workers affected by the coronavirus pandemic,” per three sources. It’s unclear whether Trump simply wants to cap or lower payments, or let the federal UI enhancement lapse altogether.
What makes the UI issue different from other forms of federal stimulus spending, however, is that it’s precisely the sort of thing Trump’s CEO buddies probably care about just as much as free-market ideologues do. High UI benefits, like high minimum wage levels, threaten the fundamental power imbalance that serves as the silver lining for business owners during a deep recession.
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