Tuesday, November 17, 2009

House proposes another round of extended unemployment benefits by year end

This is in addition to 3548 which is law and currently (but slowly) being implemented by the states. There are few details available, I will keep you apprised of future developments.


"House plans jobs bill before year end: Hoyer"
Since the stimulus bill was passed, Democrats have taken a few other steps to boost the economy, such as broadening tax credits for home buyers and businesses. But they have been careful to avoid terming their efforts as a "second stimulus."

"I don't want it to be as broad as that. I want it targeted on jobs," Hoyer said.

Among the items under consideration:

* A transportation bill that could cost up to $500 billion

* A tax credit for businesses that create jobs

* Assistance to state governments, which otherwise would lay off teachers, police and other employees as they cope with plunging tax revenues and rising social spending

* Another extension of unemployment benefits, which otherwise could run out for millions of jobless workers

* Health insurance for the jobless.

http://www.reuters.com/article/politicsNews/idUSTRE5AG4OY20091117?pageNumber=2&virtualBrandChannel=11617

No comments: