Saturday, February 13, 2010

Unemployment extensions could expire Feb. 28 based on expected Senate bill

Many people will be disappointed or very concerned about what seems to be out of the Senate job s bill. Specifically, as it stands now, the 99-week unemployment benefits extension expires Feb. 28; an earlier House bill would extend it to May 31, but now it seems out. Also out is pension funding relief, the Medicare “doctor fix”, and an extension of expiring energy tax provisions. “In” would be a payroll tax exemption for employers who hire people, even if they “hire and fire,” the conversion of tax-credit bonds, and reauthorizing the highway trust fund. All of this seems to relate to what Senate Majority Leader Harry M. Reid (D-Nv) said he would bring to the floor after a scramble involving Max Baucus (D-MT) and Grassley (R-IA), and some Scrooge-like behavior by the GOP, perhaps. The major story and comparison chart by Paul Kane appear on p A3 of The Washington Post Saturday Feb. 14, link here.

Alternet had run an article on Dec. 8, 2009, link here, article by Daniela Perdomo, title "Unless Congress Acts, 3.2 Million Will Lose Unemployment Benefits in Early 2010".

There is still a lot of talk of the GOP playing scrooge on unemployment, saying that extending benefits saps the drive out of jobseekers. How cynical. Say it ain’t so!

No comments: