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….

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

Steny Hoyer: House to pass Jobs Bill by Dec 18th, to include further unemployment extension, COBRA addition and infrastructure & Is Obama planning a 3 trillion dollar tax increase?, plus the rationing begins, women first

(We are combining posts for time under the light blog schedule for the Holidays)

Job Creation Bill:

iMarketNews:

House Majority Leader Steny Hoyer Tuesday said that Democrats want to pass a jobs creation bill in the House by December 18, the day he hopes Congress will adjourn for the year.At his weekly briefing, Hoyer said House Democrats are now reviewing “a lot of options” to boost job creation, including infrastructure spending, a highway bill, business tax credits for job creation, another extension of unemployment insurance, an adjustment to COBRA and assistance to state governments.

Hoyer said he “would not characterize” the package that is being developed as the second stimulus bill of 2009. Congress passed a $787 billion fiscal stimulus bill in February. The measure, he said, would be “targeted on jobs.” “We’re moving ahead,” he said.

The House Majority Leader said the package will be devised to boost job creation in the short-term, suggesting that any offsets would occur later after the economy picks up speed. The bill, he said, would spend funds early and then “flatten out” our expenditures as the economy grows.

He said the overall size of the package has not been determined. “I don’t have a figure,” he said, when asked about the cost of the bill. Hoyer said that unless the American economy begins to create jobs “we will not have the kind of recovery we want.”…

Continues after the break:

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November 17, 2009. Tags: , , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. Comments off.

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