Rs want to pay 70% of earnings for unemployed. Did they think this through? [View all]

Let’s say you live in CA and make $150,000 a year. 70% of $150,000 is $105,000, or $2019 a week.

The max UI benefit paid by CA is $450 a week. That would mean that the Feds would need to pay out $1569 a week in UI benefits for such an earner to receive 70% of their salary. That’s about 2.5 times MORE than the $600 a week the Feds are currently paying out. BTW, such an earner currently receives about 52% of their wages On the combined CA + Fed benefits. They’d love to get 70%.

The devil is in the details.