California Gov. Gavin Newsom said that President Trump’s unemployment proposal, which would require states to pitch in 25% of a $400 benefit, would cost the state approximately $700 million each week.

“The money simply does not exist,” Newsom said. “We simply do not have the capacity. We are simply not in that position.”

Newsom acknowledged that a $400 benefit rather than the current $600 weekly payment would be advantageous for those Californians who are otherwise looking at nothing.

He warned that it would add to the “enormous economic stress” already menacing the California’s government.

“We are at peril of being in a position where we’re making false commitments, false promises,” Newsom said.

Source: CNN

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