$4.7 Billion from Two Recovery Measures Directly Benefitted Wisconsin Residents
Over the last three years, Wisconsin residents received $4.7 billion in direct payments from the federal government in the form of extended unemployment benefits ($3.2 billion) and payroll tax cuts ($1.5 billion). These payments, which were aimed at stimulating the economy and helping families hit hard by the recession, will expire at the end of the year unless Congress takes action.
These two emergency federal supports put money into the pockets of struggling Wisconsin families and injected much-needed dollars into the local economy, saving thousands of jobs and reducing the severity of the recession. These benefits supported consumer spending during a critical period, when the economy was severely weakened by a major financial crisis, and helped sustained demand for business products across the country and in Wisconsin. Read full publication.