For years, small-business owners have competed against the deep pockets of large and powerful entities — they just didn’t think the federal government would be one of them.
In the early stages of COVID-19, Congress passed relief packages that included a $600-per-week bonus to regular unemployment insurance (UI) benefits. It was the largest bonus in the history of the program, a jaw-dropping 24 times larger than the $25-weekly boost given during the Great Recession.
It was intended as a temporary financial lifeline for Americans who lost their jobs in the name of “flattening the curve.” Now it has become an existential threat to small businesses.
$600 Jobless Bonus Is Crushing Small Business; Let It Expire
For years, small-business owners have competed against the deep pockets of large and powerful entities — they just didn’t think the federal government would be one of them.
In the early stages of COVID-19, Congress passed relief packages that included a $600-per-week bonus to regular unemployment insurance (UI) benefits. It was the largest bonus in the history of the program, a jaw-dropping 24 times larger than the $25-weekly boost given during the Great Recession.
It was intended as a temporary financial lifeline for Americans who lost their jobs in the name of “flattening the curve.” Now it has become an existential threat to small businesses.