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???

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March 17, 2010. Tags: , , , , . Economy, Obama Administration, Politics, Taxes, Unemployment Statistics. 1 comment.

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.

Unemployment Update: House passes COBRA Subsidy Extension…

Finally!!!!  Now we need action in the Senate. It feels like the first time the House has done something for the real people doesn’t it?? How about some Lou Gramm Foreigner-Unplugged

WorkforceManagement:

The House of Representatives overwhelmingly approved legislation Wednesday, December 16, that would extend the federal subsidy of COBRA health insurance premiums for employees who are involuntarily terminated.Embedded in H.R. 3326, a measure appropriating funds for the Department of Defense, the nine-month, 65 percent premium subsidy would be extended by six months to a total of 15 months. It would apply to those who lose their jobs through February 28, 2010. Under current law, employees who lose their jobs after December 31 are ineligible for the subsidy.

The measure, approved on 395-34 vote, also would provide an additional six months of subsidized coverage for beneficiaries whose nine-month COBRA premium subsidy has run out.

In addition, the legislation would give beneficiaries whose subsidy ran out and who didn’t pay the full premium a second chance to opt for coverage. For example, a beneficiary whose nine months of subsidized coverage ran out November 30 and who didn’t pay the regular unsubsidized December premium could pay the 35 percent premium share in January and receive coverage for December.

The legislation would require employers to notify current COBRA beneficiaries and future beneficiaries of the new 15-month premium subsidy.

The House is also expected to take up another appropriations bill, H.R. 2847, with a provision that would extend the premium subsidy to those who lose their jobs through June 30, 2010.

More on COBRA and other available resources for those who may have lost it, are losing it awaiting the Senate to take action, or cannot afford it courtesy of the WSJ:

…a companion bill has been introduced in the Senate that also would extend the Cobra subsidy for six months, up to a total of 15 months, and increase the subsidy to 75%. But it’s not known if the legislation will pass or even come to a vote….

…Many unemployed workers who first started receiving the Cobra subsidy in March lost it as of Nov. 30, and many more will start losing the subsidy this month. Workers whose Cobra eligibility begins on or after Jan. 1, 2010 won’t get the subsidy even if they’re terminated by Dec. 31, unless Congress extends the law (UPDATE from MiM: HOUSE has extended, waiting on Senate)

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December 17, 2009. Tags: , , , , , , , , , , , , , . Economy, Healthcare, Politics, Unemployment Statistics. 3 comments.

Eff. 11/1: Unemployment Update: Emergency Unemployment Compensation and Extended Benefits by state…

56654260

This data is effective November 1st, we will post updates…

PDF here from NELP with guidelines for UE Benefit Extensions

6. Where can workers find out whether their state qualifies for EB under the different “trigger” formulas in order to collect EB after running out of EUC benefits?

On a weekly basis, the U.S. Department of Labor (DOL) provides an update of which states have reached the required unemployment level to trigger on to EB.

The most recent notice is summarized in Table 1, and the weekly DOL notice can be found at:

http://ows.doleta.gov/unemploy/claims_arch.asp by selecting
“Extended Benefits Trigger Notice.”

Here is the status of triggered state Extended Benefit Indicators (EB) as of November 1st

Here is the status of triggered Emergency Unemployment Compensation benefits by state effective November 1st:

EUC 2008 TRIGGER NOTICE NO. 2009 – 42
SECOND TIER EUC 2008 TRIGGERS UNDER P.L. 110-449
Effective November 1, 2009

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November 8, 2009. Tags: , , , , , . Economy, Labor Department, Obama Administration, Politics, Unemployment Statistics. 2 comments.

11/6- Obama signs bill; House passes UE extension 403-12**UE Final vote passes Senate 98-0**:Unemployment Update H.R. 3548: revenge of cloture vote passes Senate 97-1

Update:  11/6 Pres.Obama announced he signed the bill this morning. We will do a post updating state UE EU status next week.

Update: Obama to sign bill tomorrow (Friday)

The White House says President Barack Obama on Friday morning will sign a bill that expands a popular homebuyers tax credit and extends unemployment benefits.

Update: House passes UE extension 403-12:

The House of Representatives just passed the unemployment extension bill HR 3548 by a vote of 403-12. Coming so quickly on the heels of yesterday’s passage of the bill in the Senate, this is very welcome news to the thousands of unemployed Americans whose benefits have already run out or are close to it and desperately need this support from the federal government….

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November 4, 2009. Tags: , , , , , , , , . Art, Economy, graphic art, Labor Department, Obama Administration, Politics, Unemployment Statistics. 18 comments.

Update 5: Bill signed. Procedural vote now scheduled for Nov 2; Looks like no UE vote until next week; COBRA subsidy Extension? Unemployment Extension Update: Reid still wrangling on amendments..

Update: Bill finally signed! see here

Update 4: 11/2 New thread up to follow the UE vote here

Update 3: Reid has put off the vote as expected to next week. Vote to close debate now scheduled for Nov 2nd (CQ Politics):

The extension and expansion of a tax credit for first-time homebuyers has been incorporated into Senate legislation that would extend unemployment benefits.

The Senate will hold a procedural vote on the legislation on Nov. 2. A vote on final passage of the entire package probably will happen by the end of next week.

The underlying bill on unemployment benefits had been held up by disagreements among Senate leaders about how to handle amendments.

…Reid offered a time agreement that would have allowed for consideration of two Republican amendments aimed at funding the unemployment benefit extension using TARP funds and increasing oversight of the bailout. But no amendments will be taken up next week, a spokesman for Reid said Friday….

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October 29, 2009. Tags: , , , , , , , , . Economy, Labor Department, Obama Administration, Politics, Unemployment Statistics. 18 comments.

Update: Reid:deal reached on expanding homebuyer tax credit–UE vote within 24 hours; Unemployment Extension Update: Reid now trying to put homebuyer tax credit back in UE bill?? Senate to proceed to UE bill @930am EST; Bill passes cloture 87-13

Update 5: 11/2 newer new thread following UE vote here

Update 4: New thread following UE vote here

Update 3: 430pm EST: Breaking on CNBC- Diana Olick says Harry Reid’s office confirms a deal has been reached on the homebuyers tax credit, It WILL BE EXPANDED AND EXTENDED to include more than 1st time buyers, and IT WILL BE ATTACHED TO THE UE EXTENSION BILL

Reid says he expects a vote on said UE bill WITHIN 24 HOURS.

More as it becomes available…

(Diana Olick’s RealtyCheckBlog, earlier compromise report with details, details moved to Housing Update post.)

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October 23, 2009. Tags: , , , , , , , , , , , , . Economy, Finance, Labor Department, Obama Administration, Politics, Unemployment Statistics. 11 comments.

Unemployment Extension: Blue Dogs talk tough on second stimulus…

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

Oh boy, some of the Dems are getting in touch with their fiscal conservative side and are talking down the second stimulus, which is a good thing except for the fact that it unfortunately appears to include the UE extension…

If they would just agree to use the unspent stimulus money people would be getting their checks put into the mail already, arrrrgle!!!

Here is Nancy after her economic panel talking big about more job creation measures, but see the blurbs from The Hill this morning below…

Vodpod videos no longer available. The Hill:

…“I think we have just got to get serious about the deficit,” said Rep. Gerry Connolly (D-Va.), the president of the class of freshman Democrats. “I would have to really be persuaded of a dire situation and one that’s getting worse, frankly, to have any enthusiasm for a second stimulus.”

Rep. Baron Hill (D-Ind.), a co-chairman of the 52-member Blue Dog Coalition, said he would have to hear a “very compelling” justification for further adding to the deficit, even for the sake of fostering more job growth. “My constituents, I think, have had it with spending,” Hill said. “And I concur with their sentiments.” Republicans are targeting Hill’s seat in the 2010 cycle.

While the ingredients for another stimulus have not been finalized, House Speaker Nancy Pelosi (D-Calif.) on Wednesday made two things clear: Additional stimulus measures are needed, and Democrats will add to the deficit to pay for them.

Each of the economists who spoke to reporters following the session said everyone in the room had signed off on a strategy of temporarily ignoring the budget deficit for the sake of economic recovery….

Hill said the Blue Dogs have not talked formally about their collective approach to further economic patches embraced by the White House, ranging from unemployment insurance extensions to $13 billion worth of one-time Social Security checks…

October 22, 2009. Tags: , , , , , , , , . Economy, Labor Department, Politics, Unemployment Statistics. Comments off.

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