REAL WORLD EVENT DISCUSSIONS

Jobless benefits to expire as Senate recesses

POSTED BY: NIKI2
UPDATED: Monday, May 31, 2010 10:14
SHORT URL:
VIEWED: 373
PAGE 1 of 1

Monday, May 31, 2010 10:14 AM

NIKI2

Gettin' old, but still a hippie at heart...


Quote:

For the nation's unemployed, here we go again.

The House voted Friday to extend the deadline to file for federal unemployment benefits, but not before the Senate recessed for a week-long Memorial Day break. So jobless Americans will start running out of benefits after June 2.

The Senate will take up the measure when it returns June 7, according to Senate Majority Leader Harry Reid, D-Nev.

House Democratic leaders twice had to shrink the bill to get enough support, ulitimately passing a measure that would raise the deficit by $54.3 billion.

The final version, approved by a 215-204 vote, extended the deadline to file for unemployment benefits through November, but jettisoned sending $24 billion in Medicaid assistance to the states and extending the 65% federal subsidy for COBRA health insurance premiums. The measure would raise the deficit by $31.3 billion.

It also delayed the start of the so-called "carried interest" provision, which increases the tax on money paid to managers of hedge funds and investment partnerships to ordinary income levels instead of the much-lower capital gains rate. It will now begin in 2011.

The final version, approved by a 215-204 vote, extended the deadline to file for unemployment benefits through November, but jettisoned sending $24 billion in Medicaid assistance to the states and extending the 65% federal subsidy for COBRA health insurance premiums. The measure would raise the deficit by $31.3 billion.

It also delayed the start of the so-called "carried interest" provision, which increases the tax on money paid to managers of hedge funds and investment partnerships to ordinary income levels instead of the much-lower capital gains rate. It will now begin in 2011.

Some 1.2 million people will run out of their jobless benefits in June if the Senate fails to act, according to the National Employment Law Project. Federal unemployment benefits, which last up to 73 weeks, kick in after the state-funded 26 weeks of coverage expire. These federal benefits are divided into tiers, and the jobless must apply each time they move into a new tier.

more at http://money.cnn.com/2010/05/28/news/economy/unemployment_benefits/ind
ex.htm?hpt=Sbin
)

Politicians: HOW I wish we could "unemploy" them long enough for this to impact them...




To our President: “Mr. President, you're a god damn, mother fucking liar. Fuck you, you cock sucking community activist piece of shit.... oh, go fuck yourself, Mr. President” ...Raptor

To Anthony, unquestionably the most civil person on this forum: “Go fuck yourself. On this matter, make no mistake. I want you to go fuck yourself long and hard, as well as anyone who agrees with you. I got no use for you. ...Raptor

To Frem: “You miserable piece of shit.” ...Raptor

...so much for "together"...this, instead, weakens us...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Amateur Futurists Check In Here!
Sun, March 29, 2026 10:09 - 36 posts
Trumps 10 New Maga Super Cities,
Sun, March 29, 2026 10:09 - 15 posts
China as a world power
Sun, March 29, 2026 10:07 - 42 posts
The Conservative vision for America: cut infrastructure, let's see what happens...
Sun, March 29, 2026 10:06 - 63 posts
Mixed Martial Arts
Sun, March 29, 2026 10:05 - 46 posts
Subway Death
Sun, March 29, 2026 10:04 - 31 posts
A Question of NATO
Sun, March 29, 2026 10:03 - 26 posts
Packs of Terminator robots hunt down uncooperative humans
Sun, March 29, 2026 09:55 - 15 posts
Do you feel like the winds of change are blowing today too?
Sun, March 29, 2026 09:52 - 4475 posts
Soviet Union 2
Sun, March 29, 2026 09:39 - 42 posts
Science given the boot at White House
Sun, March 29, 2026 09:36 - 262 posts
Israel lobby vetoes US gov selection
Sun, March 29, 2026 09:34 - 25 posts

FFF.NET SOCIAL