White House Economic Adviser Larry Kudlow revealed on Tuesday when Americans could expect to receive the enhanced unemployment checks.
The host of Fox Newsâ âAmericaâs Newsroomâ Sandra Smith mentioned a tweet issued by Senate Minority Leader Chuck Schumer (D-N.Y.) expressing his concern with President Donald Trumpâs executive order on unemployment benefits.
âPresident Trumpâs executive order on unemployment benefits is put together in such a sloppy way that itâll take weeks or months for states to even implement,â Schumer said.
He added, âMillions could lose everything before they ever see a check. Republicans must get back to the negotiating table!â
Smith asked for Kudlowâs response to Schumerâs tweet and when would Americans see the check.
âWe are estimating itâll take about two weeks to get the checks out, the benefits out. It will be administered by the states,â Kudlow said.
He added, âAnd let me repeat this. Itâs going to be $700 per person per week. Thatâs a very big number. Second, letâs not forget presidentâs payroll tax deferral, which will be a wage hike for middle-class Americans, a wage hike of roughly $1,100.â
Watch his comments below:
Kudlow noted the checks will provide financial assistance to the 16 million unemployed Americans and the 140 million who are employed.
He explained their goal is to provide more incentives to Americans to work and come back to work.
âThese are crucial items to assist, to help, to grow the economy, and I think thatâs a big reason, these are big reasons why the stock market is feeling so darn good,â Kudlow said.
Kudlowâs comments come just days after he told CNNâs Poppy Harlow the $600 federal weekly enhanced unemployment benefits are a disincentive to go back to work, as IJR previously reported.
Trump signed executive orders on Saturday after negotiations over the next coronavirus relief package hit an impasse, as IJR previously reported.
In addition to unemployment relief, his orders include provisions for a payroll tax cut, a moratorium on evictions, and an extended suspension of interest on student loan payments.
