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Author Archives: Matt Weidinger

Matt Weidinger served for more than two decades as a staff member of the House Ways and Means Committee. He now works as a resident fellow in poverty studies at the American Enterprise Institute. He wrote this for InsideSources.com.

Posted inFinance

Why Have Federal Unemployment Benefits Cost So Much More Than Expected?

by Matt WeidingerDecember 28, 2020

The March 2020 CARES Act expanded unemployment benefits for millions of laid off workers, many of whom will benefit from program extensions into 2021 included in Congress’ new relief law. Unofficial estimates suggest the latest extensions will cost $120 billion. That begs the question: How well did Congress’ scorekeepers do in projecting the cost of […]

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