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Senator Ernst's Amendment to Prevent Millionaires from Receiving Unemployment Benefits

Forbes Breaking NewsJuly 7, 20253 min2,282 views
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Senator Ernst's Amendment

  • πŸ’‘ Senator Joni Ernst proposed an amendment to disqualify individuals earning $1 million or more from receiving unemployment benefits.
  • 🎯 The amendment aims to stop "out of work millionaires" from collecting government checks while simultaneously earning significant income from other ventures.

Unemployment Benefits Data

  • πŸ“Š In the first two years of the Biden administration, thousands of millionaires received over $271 million in unemployment assistance.
  • πŸ’° In 2022 alone, nearly 6,000 millionaires were paid approximately $58 million in jobless benefits, averaging about $10,000 each.

Rationale and Opposition

  • πŸ’° Ernst argued that able-bodied millionaires should not receive "handouts" funded by "overtaxed and overworked Americans."
  • πŸ“‰ Her amendment seeks to save an estimated $100 million and reduce the national deficit by getting millionaires back to work.
  • ⚠️ Senator Morgan opposed the amendment, viewing it as a "backdoor way to undermine unemployment insurance" and a step towards Republicans cutting social safety net programs.

Vote Outcome

  • βœ… The amendment was agreed to by a voice vote, with the "ayes" appearing to have it.
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Unemployment BenefitsMillionairesSenator Joni ErnstAmendmentBiden AdministrationJobless BenefitsDeficit ReductionSocial Insurance ProgramCongressional Budget Act
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