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Romney Floats Self-Managed Employment Accounts
ResumeAs part of his 160-page jobs plan, Republican presidential hopeful Mitt Romney is floating an idea that goes back to the Bush Administration: personal reemployment accounts.
They were given a test run in eight states, and here's how they worked: in addition to unemployment benefits, laid-off workers received a capped benefit of $3,000 to use in their job search. For example, that money could be put towards a job counselor or a class for extra training.
A recent Boston Globe editorial called it one of Romney's intriguing ideas. But critics worry about how the accounts would impact the unemployment program.
- MittRomney.com: Job creation
- Mathematica: Personal reemployment accounts
Guest:
- Irma Perez-Johnson is senior researcher at Mathematica Policy Research
This segment aired on September 16, 2011.