Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Politics

HEROES Act could increase unemployment stimulus benefits, add return to work bonus

(POLITICS) Because of the pandemic many peoples lives took a step back, by loosing their job. New unemployment benefits encourage you back to work.

unemployment benefits

If you’re a citizen who has been laid off due to Coronavirus and filed for unemployment in the meantime, you may find yourself receiving a “back-to-work” incentive once you return.

According to the HEROES Act, workers who received unemployment benefits would receive $450 per week upon returning to work–this, of course, in addition to their take-home pay–rather than receiving the $600 per week that complements whatever their unemployment benefits amount to.

While the HEROES Act also proposes extending the current bonus of $600 per week for those receiving unemployment into 2021, some argue that this would incentivize remaining on unemployment checks rather than stimulating the economy–hence the $450 weekly bonus for returning to work when possible.

These fears aren’t without support. As Newsweek points out, the American Action Forum shows that “about 63 percent of Americans who are out of work as a result of the pandemic earn more with the enhanced unemployment benefits than they do from their normal wages”–a somewhat comforting statistic that still evokes relative unease when one considers the ramifications of attempting to reopen a reluctant country.

Advertisement. Scroll to continue reading.

While it is unreasonable to assume that all 63 percent of those people would elect to remain on unemployment benefits rather than going back to work, the $450 bonus may ensure that all of these workers do, in fact, return in a timely manner.

Some may argue that Americans don’t (or shouldn’t) need an incentive to return to work and begin cranking the cogs of the economy once we’re in the clear, but such opinions are fairly short-sighted and largely dismissive of the economic strife many Americans face, especially in poorer regions.

Additionally, many workers will be required to take pay cuts upon rejoining the workforce, which makes the additional $450 per week much more attractive without eliciting criticism of American motivations and values.

As of this writing, Newsweek reports that the White House is “very carefully” considering the HEROES Act–a process that, given the proposed bill of $3 trillion, will take some time. It’s a colossal proposition that covers everything from the aforementioned weekly bonuses to a second round of stimulus checks, and even a form of student loan forgiveness, so keep your eye on this one.

Advertisement. Scroll to continue reading.

Jack Lloyd has a BA in Creative Writing from Forest Grove's Pacific University; he spends his writing days using his degree to pursue semicolons, freelance writing and editing, oxford commas, and enough coffee to kill a bear. His infatuation with rain is matched only by his dry sense of humor.

10 Comments

10 Comments

  1. Pingback: HEROES Act could increase unemployment stimulus benefits, add return to work bonus | Online Wealth

  2. Mark Brown

    June 17, 2020 at 5:47 am

    Here’s what people don’t understand is that unemployment has the right to ask employers for a list of names of people that where asked to come back to work. If they are on unemployment they CANNOT say no cause then they would lose there unemployment.

  3. lisa travers

    June 17, 2020 at 12:11 pm

    This is really unfair to ty he essential workers who have been working since this Corona virus has started and there only getting an extra $2, an hour extra…they need compensation for working and risking there families and there own lives threw this ….pay every essential worker more …not fair at all….

  4. Pingback: A closer look at the HEROES act, and who stands to benefit the most

  5. james blackwell

    June 17, 2020 at 2:46 pm

    I worked the whole time what about the people that keep their jobs

  6. Linda Rexroat

    June 19, 2020 at 12:03 pm

    And at the end of the year when you file taxes and you owe the federal government are going to take it all

  7. Pingback: The White House pushes for $450 per week return to work bonus

  8. Pingback: Texas overpaid unemployed residents by millions and now wants it all back

  9. Pingback: Uh oh! Your stimulus payment might have been on a suspicious looking debit card

  10. Pingback: The second stimulus check may be on its way...to some - The American Genius

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business News

Unemployment improved more dramatically than expected, potentially throwing a wrench into the Fed's rate hike plan.

Opinion Editorials

(EDITORIAL) Unemployment benefits aren’t what you thought they were. Here's a first-hand experience and what you need to know.

Opinion Editorials

(OPINION / EDITORIAL) I got laid off during the pandemic, and I think I can speak for all of us to say that unemployment...

Business News

(BUSINESS NEWS) In the wake of COVID-19, the US unemployment system is floundering to cover all who need the aid but it comes with...

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.