Author Topic: Senate reaches unemployment deal  (Read 482 times)

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Online mystery-ak

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Senate reaches unemployment deal
« on: March 13, 2014, 05:14:11 PM »
http://thehill.com/blogs/on-the-money/economy/200767-senate-reaches-unemployment-deal

March 13, 2014, 04:54 pm
Senate reaches unemployment deal

By Vicki Needham

The Senate reached a bipartisan deal on Thursday that would renew unemployment benefits for five months.

The plan, put together by Sens. Jack Reed (D-R.I.) and Dean Heller (R-Nev.), would provide retroactive benefits to those who lost federal help after the program expired on Dec. 28.

“There are a lot of good people looking for work and I am pleased we’re finally able to reach a strong, bipartisan consensus to get them some help,” Reed said.

The bill is co-sponsored by a broad swath of Democrats and Republicans, including Sens. Susan Collins (R-Maine), Rob Portman (R-Ohio), Lisa Murkowski (R-Alaska), Mark Kirk (R-Ill.), Jeff Merkley (D-Ore.), Cory Booker (D-N.J.), Sherrod Brown (D-Ohio) and Dick Durbin (D-Ill.).

It would be considered after the Senate returns to Washington following a one-week recess.

The deal combines components from Republican and Democratic proposals.

It would use several offsets to pay for the $10 billion cost of extending the benefits, including pension smoothing provisions from the 2012 highway bill, which were set to phase out this year, and extending customs user fees through 2024.

The bill also includes an additional offset allowing single-employer pension plans to prepay their flat-rate premiums to the Pension Benefit Guaranty Corporation (PBGC).

The measure would also prevent millionaires and billionaires from receiving the benefits.

The proposal also includes language pushed by Collins to strengthen reemployment and eligibility assessment and Re-employment Services programs, which would provide enhanced, personalized assessments and referrals to reemployment services when unemployed workers begin their 27th week of benefits.

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Online Oceander

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Re: Senate reaches unemployment deal
« Reply #1 on: March 13, 2014, 08:16:13 PM »
The damned 'R's in the House had better not put up some sort of a short-sighted snit-fit over this.  That would do nothing more than hand the democrats an almost perfect distraction from Obamacare and the floundering economy.

Offline Atomic Cow

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Re: Senate reaches unemployment deal
« Reply #2 on: March 13, 2014, 08:17:15 PM »
5 months is just in time to bring it up again during the middle of the campaign.
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Online Oceander

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Re: Senate reaches unemployment deal
« Reply #3 on: March 13, 2014, 09:33:38 PM »
5 months is just in time to bring it up again during the middle of the campaign.

so the 'R's should get out ahead of the curve and counterpropose that it be extended through to the end of the year.

Offline Right_in_Virginia

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Re: Senate reaches unemployment deal
« Reply #4 on: March 14, 2014, 09:42:13 AM »
so the 'R's should get out ahead of the curve and counterpropose that it be extended through to the end of the year.

Agree.  That would be the politically smart move.  Anyone think they'll actually do it?   :whistle:
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Offline Fishrrman

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Re: Senate reaches unemployment deal
« Reply #5 on: March 14, 2014, 10:35:57 PM »
Sometime in the future there won't be "welfare" any more.

Everyone will just be collectin' their "unemployment benefits".

Unemployed forever.
With "unemployment" benefits -- forever.

Online Oceander

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Re: Senate reaches unemployment deal
« Reply #6 on: March 14, 2014, 10:37:30 PM »
Agree.  That would be the politically smart move.  Anyone think they'll actually do it?   :whistle:

No.  It was all just a rose-colored fantasy, I'm afraid.


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