In a last-minute change, the Senate Democrats have reached an agreement to extend unemployment benefits through September, but change the benefits to $300 a week instead of $400 a week.
The amendment will be introduced by Sen. Tom Carper, a Democrat from Delaware.
The agreement also creates new tax benefits for people who received Unemployment Insurance (UI) by making the first $10,200 in those benefits not taxable. The intent is to make sure people who received UI are not hit with taxes on the benefit, which could come as a surprise.
The amendment will also include an extension of tax rules regarding excess business loss limitations for one more year.
These provisions are new and different than the House bill, which includes $400 a week of UI benefits through August.