National Economic Council Director Larry Kudlow reiterated Sunday the $600 additional weekly unemployment benefit created to aid those who lost their jobs due to the coronavirus pandemic will end in late July.
"I mean, we're paying people not to work. It's better than their salaries would get," he said on CNN's "State of the Union.""That might have worked for the first couple of months. It'll end in late July," he added, saying the extra benefit was necessary during the height of the coronavirus lockdowns.
Kudlow said that "almost all businesses" understand the $600 additional benefit is "a disincentive." He said the Trump administration is instead "looking at a reform measure" that will provide an incentive for returning to work, but it will not be as substantial. "It will not be as large, and it will create an incentive to work," he said. "That goes along with the other incentives we've generated, the tax rebates and, most particularly ... the Payroll Protection Program, which I think was a huge success."
Kudlow was pressed by CNN host Jake Tapper on the idea that Americans don't want to return to work. Tapper pointed out that some Americans' jobs aren't coming back — a point Kudlow called "fair."We may never know the full extent of coronavirus' impact on minority communities
Larry Kudlow can fuck right off. I don't want economic advise for a guy who's greatest accomplishment is failing upwards and being wrong about everything economy related.
Ask his Maid.
You know what would be a good incentive? Psy your workers more and forget the 3% raises. Obviously we deserve more by how much money you make and take in tax breaks.
They forget it’s the taxpayers money😳
Air tight yet ?
Larry, that statement hits a nerve, because if workers were making a living wage employee’s who took a cut because of COvid19 shutdown, are ready to go back to work whenever the slots open. Those who got more on unemployment than while working, need a raise in pay. Try it!
That $600 was spent every week helping the economy. Give extra money to the wealthy and it is not all spent with less impact on the economy.
The CrookedGOP loves taking away from the non-wealthy millionaire class. GOPTaxScam of 2017 was a giveaway where 80% of the benefit went to the wealthy. No wonder our national debt ⬆️ $7T under OrangeMan realDonaldTrump
END YOUR SALARY
$600/40=$15/hour Kudlow should be fired!
No covid 19 is a disincentive.
If the $600 is a “disincentive” to receiving a paycheck then the paycheck is too little. Pay a living wage dammit.
RemoveKudlow! He is a danger to this nation. People are suffering. We are in a pandemic. Work is not there. Are we all supposed to live on the streets, Larry?
Kudlow is an idiot. And I voted for Trump 3 times. There is no jobs. How do you cut out the 600 dollars. If they cut it out Trump is going to have problems come November. They bailed every huge business out. Why not the people ? realDonaldTrump
Totally agree we can’t be paying people who are unemployed more money than they would make if they were working. It’s actually a little disgraceful.
quack economist
larry_kudlow so the billions & billions given to corporations is a disincentive too? Hypocrisy
Yes all the biggies need their bribes, they never pay it back, the taxpayer pays all. Kudlow is like the communists, just has a different name ECONOMIC ADVISOR~~
Getting sick at work and dying is also a disincentive
Your putting a price on people lives, if you stave them than they'll go back to work when you know its not safe Covid-19 still here and growing daily. Pandemic don't care about money....
He’s right, I know numerous small business owners who received PPP money to be able to continue to pay their employees, but their employees didn’t want to receive their paychecks, they wanted to stay on unemployment because they could make more money.
Amazing how those like Kudlow can open the vaults for the wealthy & hand out money like M & Ms, but when it comes to the American people, oh the horror. The $600 must stop because how dare people be able to eat & pay a couple of bills. $600 isn't half the rent in most cities.
So basically it's either starve & die, or go back to work amid a pandemic so you can contract a deadly contagion & die, cuz big business & the wealthy, need to be bailed out not the public! GOPBetrayedAmerica
Well some of us in Florida are stil waiting for that money.
Well, it sounds like almost every business is out of touch with reality. There's a reason that all of the policies in a democracy are supposed to be of, by, and for the people (not businesses).
This guy is an out of touch with reality rich bastard.
I haven’t even received my 1st.
A disincentive to not die or end up with permanent lung damage?
Fact: out of the $6 trillion covid-19 bills passed only $267 billion has gone to the people. But a paltry extra $600 a week is too much, apparently.
But he has no problem paying the salaries of the executives ... fuck this guy
Taxpayers pay that for a breakfast for these folks.
It should end soon then...
Public money = public information!!! THE END. Borrowers had no privacy expectations. Ludicrous to pretend recipients of gov't $$ wouldn't have financial dealings disclosed. Mnuchin s/be thrown in the slammer for Contempt of Congress. Best case Barr & Kudlow can be cell mates.
Was Larry Kudlow sober when he made that statement?
Does he get that the senate decides that?
Eat shit Kudlow
Kudlow doesn’t have an economics degree
Finally, get back to work America 🇺🇸🇺🇸🇺🇸
Problems: - Kudlow argues this point without evidence - getting unemployment REQUIRES evidence that people are applying and willing to accept jobs - if there were enough jobs people would be taking them - so he's punishing families b/c there aren't enough jobs
That must be sad news for folks who’ve actually received their first check. In Wisconsin 140,000 apps still on hold.
small1ldy1 It's not like anyone is actually getting the $$ they were promised anyway... my husband hasn't received the $600 in 3 weeks, he got 3 total since furloughed. And only 2 actual state of Fl checks. They screwed everyone over. Glad my husband goes back to work in 2 weeks.
That’s not very helpful to people who are just now being furloughed or let go. I know of several people just let go in the last couple of weeks. Their inability to understand the actual situation & lack of empathy is stunning.
I am sure businesses are still just opening on a phased basis...these rich white old men don't have a clue what the working class have to endure...
And for that reason alone they should push extra hard to extend it another six months or the end of the year.
If they don't, and ofc leisure economists don't, uscongress and did, bc financed. CARES SEC. 2104. Q3 they'll be waving 1,800 pp HEROES: tRUmP WUT done it.
Like giving oil companies subsidies is a disincentive for them to invest their profits. They buy back stock instead.
Tent cities are coming.
The point was stimulus . People are spending rather than offshoring the money like Corp do . Now that 600 is taken out of the economy . Inventories will back up and demand will diminish . What’s the plan now .
Bummmmm
HEEL! Working class. The Boss is back. Suck that virus or starve.
We'll see. Still early too tell what the virus decides to do. People are already enraged and in the streets... something tells me that needless cruelty and suffering will not be tolerated. WhiteHouse SenateGOP
Vote them out , we have suffered enough
Another 'financial guru' who doesn't grasp direct payments to individuals is the fastest way to attempt to recover the economy 🙄 Why do they hate America?
What about the trillions they are putting into the stock market... stop that and watch the market fall... then see how quick they see that they need the 35 million unemployed to have enough money to live...
The corruption of Trump's administration, unprecedented.
The tax breaks for you bunker boys is up too. I said no taxation without representation and Trump looks to have none.
...and this 'Administration' will end on 20 January 2021.
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