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Senate GOP unveils coronavirus relief plan with 70% wage replacement in unemployment insurance
video Senate Majority Leader Mitch McConnell unveiled the Republican coronavirus relief plan on Monday. Here is what we know about the bill, as Republican leaders release the details: • It would set enhanced federal unemployment insurance at 70% of a worker’s previous wages, replacing the $600 per week which states stopped paying out this week. • The GOP would set the benefit at a sum of $200 per week on top of what recipients would normally receive from states through September, slashing what they got from April through July. In October, the 70% replacement would take effect up to a maximum of $500 per week. ... (full story)