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Jobless benefits to expire as Senate recesses

POSTED BY: NIKI2
UPDATED: Monday, May 31, 2010 10:14
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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...

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