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. 1 comment.

Unemployment Update: Senate to take up Jobs Bill

The Senate is  talking jobs bill. Interestingly Sen. Byron Dorgan D-ND  who just announced he is not runnign is crafting the hill, here’s wishing he could figure out a way to get RX Reimportation into it, HA!

Senate Democrats are crafting a job creation bill that would boost funding for small businesses, public services, infrastructure projects and energy efficiency programs.

…They are considering new transit and highway spending and efforts to help stave off public employee layoffs, as well as a new tax credit for businesses hiring new workers and a program providing incentives for homeowners to retrofit their homes, according to a source off Capitol Hill.

That would be similar to the jobs bill passed by Democrats in the House last month. The House bill did not include the tax credit and “cash for caulkers” proposals, which are supported by President Barack Obama…

More COBRA?

..The Durbin aide said suggestions of specific provisions in the jobs bill at this point are “pure speculation.” The aide noted that Durbin and Dorgan are still sifting through 121 ideas offered by Democratic senators.

The $174 billion House bill included $48 billion for public works projects and $28 billion to help state and local governments avoid laying off workers. It also provides money for more unemployment insurance and COBRA health benefits for the jobless and a full-year extension of the current transportation authorization bill….

January 8, 2010. Tags: , , , , , , , , . Economy, Healthcare, Labor Department, Obama Administration, Politics, Unemployment Statistics, Wall St. Comments off.

Unemployment Update: Senate passes Defense Bill – includes extension of eligibility for UE emergency bens and extends eligibility and duration of COBRA subsidy

I am strenuously ignoring what is happening on the Hill today with HCR.  Politico has the Dem ‘Highlight’ document up and it proudly announces CHILDREN will be exempt from pre existing condition limits in the bill, which of course means ADULTS are not. What a POS this thing is. Anyway. Happy talk dammit! The Senate managed to do something good on health care, and it is NOT in this POS bill. It was attached to the Defense Bill, a COBRA extension.

The bill contained the Patriot Act renewal so the lamestream media, in their constant attempts to ‘protect’ O from anything they view as negative, is not reporting all the details of what was in the bill.

They actually extended the COBRA subsidy, as the House did earlier in the week.

DetroitFreePress:

…The legislation makes some key changes to programs which were set to expire. For instance:

•The congressional stimulus bill passed in February created a program that paid 65% of monthly insurance premiums for people who lost their employer-based health care coverage because they were laid off. But that program was only open to people who lost their jobs – and their coverage – by the end of 2009. The new bill extends that eligibility deadline by two months, until the end of February 2010.

•It also adds six months to what was a 9-month period that the federal government would make the 65% of payments through the COBRA health plan, extending the period of payments to 15 months.

•The legislation also extends the deadline to qualify for additional unemployment benefits. Last month, Congress passed legislation adding 14 more weeks of emergency benefits – and six more on top of that for people in hard-hit states like Michigan. But they were only available to people exhausting all their other unemployment benefits by the end of December. The new bill extends that deadline to the end of February.

•It also maintains 2009 federal poverty guidelines – which if reset could have moved some people off food stamps and Medicaid – and adds additional funding to the food stamp program.

•Finally, the legislation authorizes the Small Business Association to continue programs to make loans more attractive to borrowers and lenders, in order to free up credit for businesses…

December 19, 2009. Tags: , , , , , , , , , . Economy, Healthcare, Labor Department, Politics, Unemployment Statistics. 1 comment.

Update: GOP proposes amendments for housing tax credit and Dems Johanns and Nelson propose amendment banning ACORN from any federal funding; Unemployment Update: Extension still stalled in the Senate…

10/23 See Update https://moderateinthemiddle.wordpress.com/2009/10/23/unemployment-update-senate-cloture-vote-on-unemployment-extension-next-tuesday/

Update: The Hill:

(…)Since early October, Senate Democrats have been looking to quickly push through a bill that would extend jobless benefits by at least 14 weeks. But Republicans have blocked the immediate consideration of the bill on the Senate floor, objecting because the Congressional Budget Office (CBO) has yet to score it and because a voice vote would preclude GOP amendments….

…Republicans said that a quick vote on the bill would have precluded Isakson’s amendment and others that have bipartisan support. Nebraska Sens. Mike Johanns (R) and Ben Nelson (D) are pushing for an amendment banning all federal funding for ACORN.

Senate Republican Whip Jon Kyl (Ariz.) dismissed Democratic suggestions that Republicans are the “party of no” for holding back support on the bill.

“I think when all is said and done, you’ll see a lot of support for unemployment extension. That’s not the issue,” Kyl told reporters. “The question is how you pay for it. The question is what is the score for it, and whether some other amendments will be allowed.”

Democrats plan to find the extra revenue by extending by 18 months the federal employment surtax, paid by employers and set to expire at the end of the year. The CBO expects the extension of jobless benefits to cost approximately $2.4 billion, according to a Democratic aide.

GOP senators, hoping to avoid a tax extension, are planning amendments that would pay for the prolonged jobless benefits by using bailout or stimulus money, according to a Senate Republican aide.

The Indpendent reports an E Verify amendment is also coming to the floor:

(…)The stalling of legislation to expand unemployment insurance (UI) has little to do with the benefit itself. First, there’s a push to attach an extended homebuyer tax credit to the bill — something the Obama administration is wary of.

But also there’s this: Republicans are hoping to attach a number of amendments related to ACORN and immigration — provisions that have delayed floor action on the UI bill indefinitely, according to the offices of both Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.).

The agreement ends after that.

The Republican amendments include at least two provisions related to ACORN; one related to the E-Verify program; one to pay for the UI benefits with unspent stimulus money; and one providing tax relief….

fiddling-while-rome-burns

Update: Courtesy of James McConnell at the Chicago Economic Policy Examiner:

Democratic politicians will hold a press conference Tuesday to blast Republican politicians for holding up legislation to extend unemployment benefits another 14 weeks for the nation’s out of work citizens. Elected representatives in both houses of Congress have agreed on the details of a bill and apparently have the votes to pass it, but Republicans blocked passage by unanimous consent, and continue to offer what Democrats characterize as unrelated amendments…

(more…)

October 20, 2009. Tags: , , , , , , , , , , . Economy, Finance, Foreclosures, Labor Department, Obama Administration, Politics, Unemployment Statistics. 4 comments.

Unemployment Update: Action stalled in Senate where parties bicker over funding mechanism…

10/23 See Update https://moderateinthemiddle.wordpress.com/2009/10/23/unemployment-update-senate-cloture-vote-on-unemployment-extension-next-tuesday/
harry-reid-incompetence

Update 10/16 : Where is Senate Majority Leader Harry Reid while Americans are waiting for a vote on the UE Extension??! Is he working hard behind the scenes to force a vote? Nah.

He is FUNDRAISING AND CAMPAIGNING IN NV WITH JOE BIDEN! unreal. The state of NV is among the highest in UE and foreclosures and this yahoo is doing PRIVATE HIGH DOLLAR FUNDRAISING appearances with Biden while we twist? NV please vote this guy out in 2010, pretty please? If you are waiting on this vote, please call your Senators.

MercuryNews:

Vice President Joe Biden is back in Reno for the first time since last year’s presidential election. The former U.S. senator from Delaware is in town to tout the progress of the federal stimulus package as well as help raise money for Democratic Sen. Harry Reid’s re-election campaign.

After a private fundraising breakfast, the two are scheduled to speak at an invitation-only event at 11 a.m. Friday at the Lawlor Events Center on the campus of the University of Nevada, Reno.

The visit comes at a time Nevada continues to suffer more than other states from the recession. The unemployment rate continues to increase. Taxable sales are down, and gaming revenue continues to drop.

(more…)

October 14, 2009. Tags: , , , , , , , , . Economy, Healthcare, Labor Department, Obama Administration, Politics, Unemployment Statistics. 13 comments.

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