Joe Manchin Agrees To Unemployment Benefits Deal As Biden Stimulus Back On Track To Pass

Last updated on July 18th, 2023 at 01:22 pm

Sen. Manchin agreed to a deal that looked a lot like the Democratic agreement on unemployment benefits as the Biden stimulus is back on track to pass.

Sen. Manchin said in a statement provided to PoliticusUSA, “The President has made it clear we will have enough vaccines for every American by the end of May and I am confident the economic recovery will follow. We have reached a compromise that enables the economy to rebound quickly while also protecting those receiving unemployment benefits from being hit with unexpected tax bill next year. Those making less than $150,000 and receiving unemployment will be eligible for a $10,200 tax break. Unemployment benefits will be extended through the end of August.â€

Unemployment benefits will be extended through September 6 at an additional $300 a week. The first $10,200 of unemployment benefits will not be tax deductable for people making less than $150,000. Manchin ended up making a deal that was much closer to the Democratic proposal than Sen. Rob Portman‘s Republican proposal.

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Sen. Manchin now gets to tell the voters back home in West Virginia that got means testing for tax forgiveness of unemployment benefits, but the reality is that the Senate spent a day on a comprise that will ensure final passage of the Biden stimulus bill.


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