Kudlow’s Update On The New Stimulus Package: Will Provide Even More Benefits

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This Sunday White House economic adviser Larry Kudlow made the promise that the federal government will be extending the moratorium on evictions and will send out another round of checks as part of the next coronavirus stimulus package.

On CNN’s “State of the Union” Kudlow said, “There’s a $1,200 check coming. This is going to be part of the new package. I would have preferred a payroll tax cut, on top of that check but, be that as it may, politically, it doesn’t work.”

While no deal has been officially announced, Steve Mnuchin, Treasury Secretary, and Mark Medows, White House chief of staff, have been on Capitol Hill to discuss the new relief package details with congressional leaders.

Kudlow made the argument that ending the $600 unemployment benefits supplied by the federal government was hurting small businesses from hiring workers.

“We have had a flood of inquiries and phone calls and complaints that small stores and businesses, restaurants can’t hire people back,” said Kudlow. “They went too far. Maybe last March, it was necessary for that, but, really, there are consequences of people not returning to work.”

On “Fox News Sunday” Mnuchin just come out and said, “I think workers and Americans understand the concept that you shouldn’t be paid more to stay home than to work.”

According to Mnuchin, the new bill will provide more unemployment benefits, however, it will be less than the payments issued under the CARES Act. The fact that some workers have been collecting more than what they would earn on the job, reopening businesses didn’t provide incentive for employees to return to work.

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