Senate Democrats agree to lower unemployment benefit and extend it through September
From CNN's Lauren Fox and the Hill team
In a last-minute change, the Senate Democrats have reached an agreement to extend unemployment benefits through September, but change the benefits to $300 a week instead of $400 a week.
The amendment will be introduced by Sen. Tom Carper, a Democrat from Delaware.
The agreement also creates new tax benefits for people who received Unemployment Insurance by making the first $10,200 in those benefits not taxable. The intent is to make sure people who received UI are not hit with taxes on the benefit, which could come as a surprise.
The amendment will also include an extension of tax rules regarding excess business loss limitations for one more year.
These provisions are new and different than the House bill, which includes $400 a week of UI benefits through August.
https://www.cnn.com/politics/live-news/stimulus-update-us-relief-bill-03-05-21/index.html
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this bill will go to conference before going back to the House and Senate. The Speaker can put some of this stuff back in.
