Treasury Secretary Steven Mnuchin said the GOP’s unemployment extension plan will be based on 70 percent of wage replacement, coming just days before the extended benefits are slated to expire.
“We want to make sure that the people that are out there that can’t find jobs do get a reasonable wage replacement,” Mnuchin said, outlining more details of the Republican stimulus plan amid months of high unemployment rates in the midst of the CCP (Chinese Communist Party) virus pandemic. “It will be based on approximately 70 percent wage replacement,” he said in an interview.
