Treasury Secretary Steve Mnuchin on Sunday complained that many people who receive unemployment benefits during the pandemic have been “overpaid.”
During an interview with ABC news, Mnuchin said that Republicans are pushing back against the $600 weekly federal unemployment benefit because it is more than many people received from their jobs.
“Unemployment is supposed to be wage replacement,” the Treasury secretary told ABC’s Martha Raddatz. “So it should be tied to some percentage of wages.”
“We want to fix the issue where in some cases people are overpaid,” he continued. “And we want to make sure there’s the right incentives.”
“Do you do think it’s a disincentive to find a job if you have that extra $600?” Raddatz asked.
“There’s no question,” Mnuchin replied. “In certain cases, where we’re paying people more to stay home than to work, that’s created issues in the entire economy.”
Raddatz interrupted by pointing out a Yale study which found that there is no evidence that the $600 weekly payment is a disincentive to return to work.
“I went to Yale,” Mnuchin replied. “There are certain things, I don’t always agree.”
Watch the video below from ABC.
Enjoy this piece?
… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.
NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.
Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.
- TALK ABOUT RIGGED2 days ago
Pence Suggests Unnamed Trump SCOTUS Nominee Should Skip Committee and Just Be Confirmed Before ‘Election Issues’ Arise
- OPINION2 days ago
Fox News Anchor Hosting First Presidential Debate Picks Trump Campaign Talking Points as Topics
- RELIGIOUS EXTREMISM1 day ago
Barr to Be Honored for ‘Christlike Behavior’ Today With Award From Right Wing Catholic Group With Strong Ties to Trump
- News2 days ago
Romney’s ‘Pathetically Weasel-Worded’ Defense of His Vow to Vote for Trump SCOTUS Pick Mocked and Destroyed
- CRIME2 days ago
Manhattan Prosecutors File Brief Suggesting Trump Is Facing a ‘Criminal Tax Fraud’ Investigation
- DONALD TRUMP IS A FASCIST11 hours ago
McConnell Responds to Trump Threat of Violence and Refusal to Commit to Peaceful Transition by Issuing a Tweet
- CRIME3 days ago
Secret CIA Report Reveals Putin ‘Probably’ Directing Russia’s Attack on Biden and US Election: WaPo
- SEPARATION OF CHURCH AND STATE?2 days ago
‘Soldiers for Christ’: Trump Cabinet Bible Study Teacher Calls Elections a ‘Spiritual Battle’ That ‘Believers Will Win’