Reps. Ted Budd and Ken Buck Introduce Bill to Get America Back to Work
Washington, D.C. -- Today, Reps. Ted Budd (R-NC) and Ken Buck (R-CO) introduced the Getting Americans Back to Work Act. This legislation fixes a flaw in the CARES Act that resulted in many Americans receiving higher wages through unemployment compensation than through their previous jobs. Specifically, the bill caps the amount an individual can receive from unemployment insurance at 100 percent of their previous wages.
Rep. Budd said in a statement:
“As we continue to confront the effects of the Coronavirus, we have to work towards reopening our country. At a time when our unemployment rate has surged to its highest point since the Great Depression, businesses across the nation are struggling to hire workers because many individuals are receiving more money through unemployment insurance than they earned when they were working. We must do everything in our power to eliminate this perverse incentive. We have to get our fellow citizens back into the workforce as soon as possible.”
Rep. Buck said:
“America's Grand Reopening starts by getting people back to work. We need to fix the glaring flaws in the CARES Act that have incentivized many Americans to remain out of work by providing more income through unemployment benefits than they would have received from their employer. A record number of Americans have lost their jobs because of this nationwide shutdown and we need to do everything we can to encourage people to safely return to their places of work. Our strong, vibrant workforce is the backbone of our nation and is the key to a full recovery.”
Text of the bill can be found HERE.