Senate Democrats want a federal job creation program that would subsidize wages, as tens of millions of Americans remain unemployed or underemployed during the coronavirus pandemic. The program would institute a federal funding stream that would match every dollar a state invests in subsidizing job creation for the first six months. If unemployment drops, the federal government would match funds depending on need — similar to how states work with the federal government to fund Medicaid. But as of 2022, states would have to use 70% of the funding for subsidizing wages if they want continued federal funding. The next national subsidized jobs program of substantial size was the Public Sector Employment component of the Comprehensive Employment and Training Act, created about 30 years later, in 1973.

Source: Huffington Post June 30, 2020 17:37 UTC