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Apropos Quote: The most formidable weapon against errors of every kind is reason. - Thomas Paine
Tuesday, 20 July 2010 12:20
Last Updated on Tuesday, 20 July 2010 13:34
UPDATED Tuesday 20 July, 2010 - HR4213, a Bill restoring funds to Tier 3 and 4 Emergency Unemployment Compensation until November 30 2010 passed teh Senate this afternoon. All Democrats with the exception of Ben Nelson of Nebraska and GOP Senators Snowe and Collins voted aye.
HR4213 ONLY extends financial authorization for Tiers 3 and 4 EUC. It also takes away the COBRA subsidy and the $25 a weekextra benefit.
Again, the Democrats try to appease Republicans and still couldn’t pass the bill with their support, besides the two senators from Maine.
The legislative summary is as follows:
Unemployment Insurance
Extension of Emergency Unemployment Compensation (EUC) program - The Emergency Unemployment Compensation (EUC) program phased-out at the end of May 2010. This program provides (depending on a State’s unemployment rate) up to fifty-three (53) weeks of extended benefits. The bill would extend the EUC program through November 2010 and is retroactive.
Extension of Extended Benefits (EB) program - 100% Federal funding for the Extended Benefits (EB) program phased-out at the end of May 2010. This program provides up to an additional 13 to 20 weeks of benefits in certain States (i.e., 13 weeks for States at or above 6.5% unemployment and another 7 weeks for States at or above 8% unemployment). The bill would extend full funding for the EB program through November 2010.
Eliminating the penalty for part-time employment in the Emergency Unemployment Compensation (EUC) program - The legislation coordinates EUC Benefits with regular Benefits by providing States with a number of options to allow EUC claimants to remain eligible for the EUC program when they become newly entitled to State unemployment compensation if switching to State benefits would reduce their weekly UI check by at least $100 or 25 percent.
The three provisions immediately above are estimated to cost $33.9 billion over ten years.
There are no provisions for extending the COBRA subsidy or the $25 weekly Federal Additional Compensation.
Extension of Emergency Unemployment Compensation (EUC) program - The Emergency Unemployment Compensation (EUC) program phased-out at the end of May 2010. This program provides (depending on a State’s unemployment rate) up to fifty-three (53) weeks of extended benefits. The bill would extend the EUC program through November 2010 and is retroactive.
Extension of Extended Benefits (EB) program - 100% Federal funding for the Extended Benefits (EB) program phased-out at the end of May 2010. This program provides up to an additional 13 to 20 weeks of benefits in certain States (i.e., 13 weeks for States at or above 6.5% unemployment and another 7 weeks for States at or above 8% unemployment). The bill would extend full funding for the EB program through November 2010.
Eliminating the penalty for part-time employment in the Emergency Unemployment Compensation (EUC) program - The legislation coordinates EUC Benefits with regular Benefits by providing States with a number of options to allow EUC claimants to remain eligible for the EUC program when they become newly entitled to State unemployment compensation if switching to State benefits would reduce their weekly UI check by at least $100 or 25 percent.
The three provisions immediately above are estimated to cost $33.9 billion over ten years.
There are no provisions for extending the COBRA subsidy or the $25 weekly Federal Additional Compensation.
There is still no discussion on a possible Tier 5.
Minimum Wage
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
The tea party want to abolish the minimum wage. Did YOU VOTE?
Survivor Graph of the Day
- Tax Racket
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BLS Jobless Numbers
- 12.8 million - unemployed,
- 15.1%(U6) - out of work,
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- 2.0 million over 99 weeks, the 99ers!
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Recent Comments
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