If a state already pays $100 a week to a recipient of unemployment benefits, the state can count that aid as its “match” and wouldn’t have to pay out any additional funds. This person would get the federal $300 subsidy and nothing else from the state.
States that wish to offer an extra $100 would have to fund it using aid allocated through the Coronavirus Relief Fund — created by the CARES Act, a relief law enacted in March — or an alternative source.
Neither is likely, according to Andrew Stettner, an unemployment expert and senior fellow at The Century Foundation.
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About 25% of the money in the Relief Fund had been spent as of June 30, and states may have already allocated a large share of the remainder to future costs, according to the Committee for a Responsible Federal Budget.
Plus, many states are already borrowing from the federal government to cover current unemployment obligations.
“It’s really hard to imagine states will voluntarily pay $100 extra,” Dube said.
Source Article from https://www.cnbc.com/2020/08/13/waiting-on-that-extra-400-unemployment-benefit-heres-what-we-know.html
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