WATCH: Mnuchin We Won’t Use Tax Dollars to “Pay People to Sit Home”
The United States unemployment rate is sitting in double digits. Of course, many states are on lockdown and employees can’t go into their places of work. Many more have not been let go, but are working at far reduced salaries.
Democratic and Republican lawmakers are currently locked in a stalemate over how to ensure that these these employees can pay for their lodging and food. The GOP, led by Treasury Secretary Steve Mnuchin wants to drastically slash the monetary benefit.
During an appearance on Fox News Sunday, Mnuchin told Chris Wallace, “It just wouldn’t be fair to use taxpayer dollars to pay more people to sit home than they would working and get a job.”
Previously, the government was providing a $600 weekly boost to the unemployment benefit. Republicans have attempted to replace this benefit with a payroll tax cut. The tax cut, however, would do nothing to benefit those who are currently unemployed.
Mnuchin continued, “It was very clear the Democrats were not going to give us a payroll tax cut.”
The Treasury Secretary also explained that he preferred another stimulus check to increased unemployment benefits. “The direct payments are a much quicker way of effectively giving everyone a tax cut — much quicker than the payroll tax cut. June retail sales were 1 percent higher than June of last year, so all that money we pumped into the economy, it worked. People went out and spent.”
Watch the Treasury Secretary’s interview with Wallace below, courtesy of Fox News: