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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

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Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Politicsunemployment

These states will soon stop sending out $300 weekly unemployment benefits

By
Lance Lambert
Lance Lambert
and
Nicolas Rapp
Nicolas Rapp
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By
Lance Lambert
Lance Lambert
and
Nicolas Rapp
Nicolas Rapp
Down Arrow Button Icon
May 19, 2021, 7:00 PM ET

More than 20 Republican governors have announced plans to curtail weekly $300 enhanced unemployment benefits. They argue that the federal benefit—which is paid on top of state benefits—is incentivizing jobless Americans to not go back to work.

“In some cases, certainly discouraging people from going back at this point in time,” Ohio Governor Mike DeWine said last week. “The assistance was always, always intended to be temporary.”

The White House disputes that narrative, and would prefer the benefit be left alone until it lapses in September. But that hasn’t stopped Republican-run states from opting out of the program.

As of Wednesday, states that have announced plans to opt out of the weekly $300 enhanced unemployment benefit include Alabama, Alaska, Arizona, Arkansas, Idaho, Indiana, Iowa, Georgia, Mississippi, Missouri, Montana, New Hampshire, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Utah, West Virginia, and Wyoming.

When these states, which all have Republican governors, will phase out of the program varies by state. In Ohio and Texas, for example, it’ll be June 26. To encourage jobless residents to return to work before the benefit phases out, some states, like Oklahoma, plan to give workers a “back to work” bonus.

Jobless residents in states that opt out of the $300 benefit will still receive regular, state-issued unemployment benefits. Residents in states that do not opt out of the program, meanwhile, will continue to receive the enhanced $300 unemployment through the week of Sept. 6—that is, if they retain their eligibility for unemployment insurance.

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About the Authors
By Lance LambertFormer Real Estate Editor
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Lance Lambert is a former Fortune editor who contributes to the Fortune Analytics newsletter.

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Nicolas Rapp
By Nicolas RappInformation Graphics Director
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Nicolas Rapp is the former information graphics director at Fortune.

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