2010 New Unemployment Extension Bill
Here is latest news and update about unemployment extension passed. In June 30 2010 new unemployment extension bill has been filed by Senators Harry Reid of Nevada and Senator Max Baucus of Montana. One of the major provisions of the bill includes an extension of the period in which home buyers can close on a house and claim the homebuyer tax credit.
The new unemployment extension bill provides up to 53 weeks of extended benefits, depending on the state’s unemployment rate. This extension is also retroactive which means that those who have lost their unemployment checks will be compensated till November 2010. The Bill would cost an added $176 billion over ten years even with the spending cost and savings it would still cost around $27 billion in new spending over a ten year period.
The Democrats will surely have a hard time to pass this bill since Republicans would be blocking any unemployment extension bill which equates to additional spending and thus greater surplus for the United States budget.
Sen. Reid already filed for cloture last night, and is working closely with Sen. Mitch McConnell (R-Ky.) in order to have a bipartisan support for the Bill. The Unemployment Extension Bill would be introduced to the floor today with the hope that Republicans would go a little easy on it, though that remains to be seen.
Related to new unemployment extension bill, June 30, 2010, Republicans also found an advocate that would work against the Democrats. Sharon Angle, Republican Senatorial candidate said that unemployment benefits “spoiled our citizenry and caused a spoil-age in our ability to return the jobless to the workforce.”
Source: Unemployment Extension Bill Filed by Democrats
Tiffanie Mcnair said,
July 6, 2010 @ 7:24 pm
wonder how many of them who are choosing to hold up this bill worried about how they were gonna pay bills rent food ect over the holiday. None RIGHT.
These people need to understand my husband didnt ask to be lay off 2 years ago but they did we are a family of 6 living off of one income of bout 900.oo every 2 weeks …Try to pay 1000.00 rent 700 gas bill. 300.00 lights,water 100.00,car insurance 160.oonot to mention food and phone cable ect. i would love to see them try to live off income like that.we need our benefits lets all pray for a turn around. not for just for my family but for everyone involved….
Please Pray for us……..
r schlusser said,
July 6, 2010 @ 8:27 pm
This is in response to remarks made by senatorial candidate sharon angle, You must have your head in the sand if you are so ignorant to believe the stupid remark you made pertaining to people not wanting to work.
I lost my job almost 2 yrs ago and am trying to get retrained in another field. I, along with most people desire to work. We don’t like be needy or dependant on our government. We, as taxpayers don’t mind sending our taxdollars over seas to pay for wars we have no business in, or to build bridges to nowhere. Hey, why don’t we pay for all the citizens of Iraq to have health care. I am sick of politicians who are so out of touch with the American peoples’ wants and needs. Looks like you are just another one of them. Good luck getting elected, you sure as hell wouldn’t get my vote.
Shawna Williams said,
July 7, 2010 @ 5:03 am
Well I don’t know about everyone but for me I would love to go to work I have applied and applied I am ready to go in a state of depression this is ridiculous I can’t seem to get a job in my fields ok well then even in fields I am more than quilfied to work won’t hire me probably thinking I won’t stay since from my applications that line of work is not shown I just want to be able to pay my bills and take care of my children so all the politicians need to get it together and look in our part of the world. Yes it is great to offer go back to school grants but that does not pay my bills today. I don’t know the answer but then again I am not the one getting paid the big bucks. Maybe some deal can be made with employers where they get employees(who receive benifits) to try out equal to unemployment benefits and if they like them after a period of time the hire them. Of course some type of details would have to be worked out to keep employeers honest and not just trying to get free labor. My point is some of us truly would rather be working.
terrence harris said,
July 7, 2010 @ 9:42 pm
its a dam same that one or two seneters would hold up on passing a extensions for people like me that lost there jobs to over seas companys and going to school trying to better them selves are going to have to stop going to school cause there unemployment is done. i hope and pray yall loose your income and cant find a job and loose everything!
JoeR said,
July 10, 2010 @ 8:53 am
Is it conceivable that there are too many people in the world for the jobs available? Migration, both legal and illegal, indicates that a number of underdeveloped countries can’t provide jobs for their people. Zimbabwe has a 90% unemployment rate. Much of Europe is in the 10% range. So the workers are taxed so that the unemployed can become consumers of the goods that the workers produced. Is it time to start looking seriously at overpopulation, or maybe a more extensive worldwide education that might allow for more workers. But in Europe and the US a high-level education doesn’t guarantee a job today. For those interested in the problems of overpopulation , you might want to read “In Search of Utopia” (htttp://andgulliverreturns.info)
Sung Han said,
July 11, 2010 @ 4:37 am
It is times for faithful republican like me out there who always vote for republican to rethink about upcoming elections!