CARES Act by Pres. Biden

The CARES Act provides for the equivalent of full wage replacement for average American wage-earners. With millions of Americans making claims for lost jobs in a single week – nearly five times the previous record – getting workers their wage replacement checks fast has never been more important. Let’s be clear: even with new funds from the CARES Act, if the White House does not do everything in its power to help all of our states swiftly implement these new unemployment (UI) benefits, states will be even more overwhelmed. Our states will need help with staffing capacity, technology solutions, training for new claims processors, and best practices from other jurisdictions. This must happen immediately – before the crush of UI claims becomes even more overwhelming. Americans desperate for relief to pay the rent and keep food on the tables for their children will judge states’ performance on the number of UI claims successfully processed, the number of Americans paid as quickly as possible, and how quickly they receive relief.

The CARES Act provides for $1,200 per person and $500 per child in cash relief for millions of working families. Biden would prioritize getting Americans the cash relief they are owed and making it easy to access the relief. The Trump administration is already failing at this by causing needless worry for millions of seniors and people with disabilities.

The Obama-Biden administration expanded an innovative form of “employment insurance,” called “work-sharing” or “short-time compensation.” Under these programs, when a business keeps its workers on payroll – but with reduced hours – federally-backed insurance will compensate those workers to make up for their reduced hours. Expanding short-time compensation has never been more important than today, when keeping workers on payrolls is an urgent national economic priority. Before this crisis, more than 20 states didn’t have programs to allow for short-time compensation, and they were often underutilized even in the states that did. The CARES Act provides for additional federal financing to expand work-sharing.