Sen. Ron Wyden (D-OR). Sarah Silbiger/Getty Images Senate Democrats agreed to lower unemployment benefits to $300 per week and extend them through September. This is a shift from the House's bill, which included $400 weekly benefits through August 29. With the unemployed facing a tax penalty from 2020, they also moved to forgive taxes on the first $10,200 of benefits. Visit the Business section of Insider for more stories. Senate Democrats struck a last-minute deal on Friday to lower unemployment benefits in the stimulus package to $300 per week and extend the benefits through the end of September, according to a Democratic aide familiar with the decision.This is a significant change from the rescue package recently approved by the House, which included $400 weekly unemployment benefits that would last through August 29.
Senate Democrats Cut Stimulus Unemployment Benefits To $300 A Week In Last-minute Deal
asheffey@businessinsider.com (Ayelet Sheffey,Joseph Zeballos-Roig), Business Insider
Fri, 03/05/2021 - 10:40am
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