Unemployment Update: 18b jobs bill passes Senate, to Obama for signature..

Latest on the jobs bill.  This is not the 150b bill, this has NO EXTENSION FOR UNEMPLOYMENT BENEFITS, NO COBRA EXTENSION, NO CAP GAIN ELIMINATION FOR SMALL BUSINESS…

This is all about the Carter Redux Payroll Tax Credit, but by no means would they pass the Scott Brown Amendment on this, which would have given WORKERS a payroll tax holiday. The Dems killed that. God Forbid we get to keep our own money and decide what to do with it…the frakkers…

Any job gains we MIGHT have seen from this, will IMO, be WIPED OUT by the health care penalties, which INCLUDE PART TIME and CONTRACT WORKERS!…

Frakkers.

SeattlePost:

…The bill which passed Wednesday contains about $18 billion in tax breaks and a $20 billion infusion of cash into highway and transit programs. Among other things, it exempts businesses that hire the unemployed from paying the 6.2 percent Social Security payroll tax through December and gives employers an additional $1,000 credit if new workers stay on the job a full year. Taxpayers will have to reimburse Social Security for the lost revenue….

So what about the COBRA extension and the urgent UE extension the Dems were bashing GOP for holding up? It ain’t in there. So where is the lamestream media to scream about it like when Bunning held it up? *cricket, cricket*

…A far larger measure that would extend health insurance subsidies and jobless checks for the unemployed is in the works but has hit slow going. That measure has passed both House and Senate but is hung up as the rival chambers wrangle over how to partially finance the legislation, which also would extend a variety of tax breaks for individuals and businesses.

As a result, it may require a third temporary extension of unemployment benefits, which would otherwise expire at the end of this month….

Keep pushing health care though as millions more of us lose jobs and fall off COBRA. Way to bankrupt the states on Medicaid there yahoos! Jobs first, then insurance.

Can someone get Obama a Maslowian Heirarchy of Needs chart so he knows we need jobs to EAT and provide SHELTER before we get a check up???

March 17, 2010. Tags: , , , , . Economy, Obama Administration, Politics, Taxes, Unemployment Statistics.

One Comment

  1. scofflaw replied:

    Yep, glad I was searching the headline note on today’s DN regarding the breakdown of the “ways and means” of the passed Senate 17B jobs bill with my suspicions in and came across yr article. I have been doubly blessed to see I’ve an acct. already in place to weigh in with comments.
    Now I am fully equipped to venture in this other sordid “bipolarisan” “job” done on the pluralistic ethnic minority working class (re: working poor/unemployed/ homeless/ healthcareless)majority field of engagement… thanks for something!

    FDW, palestinian-american street poet/ master-poet
    West Philadelphia

    Like

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