Bush Tax Cuts for Unemployment Insurance Extensions? Senate Democrats Introduce Measure S.3981

[DimplesinMI]

On the day that up to 2 Million unemployed job seekers benefits are set to expire, leaving jobless Americans slowly losing all form of the supplemental income from today until the end of this year,Senate Finance Committee Chairman Max Baucus (D-MT) introduced an extension bill on November 29th.

If passed, S. 3981 – “A Bill to Provide for a Temporary Extension of Unemployment Insurance Provisions” would extend federal unemployment benefits through the end of 2011. The bill costs, about $56.4 billion, is not offset by cuts elsewhere in the Federal Budget. Still, the unemployment legislation renewal would cost less than the extensions of the Bush era tax cuts Republican Senate and House representatives demand, to the tune of $700 Billion.

Regardless, the bill will face opposition from Republicans and fiscally conservative Democrats who want any extension of federal unemployment benefits to be paid for. Other issues exist for the measure, as it is introduced to the Senate floor.

Similar to the September 28th vote on S.3706, "The Americans Want to Work Act", originally sponsored by Senator Debbie Stabenow (D-MI) –who is a co-sponsor on S. 3981- the Temporary Extension of Unemployment Insurance Provision bill will be introduced by under a “suspension of the rules”. The S.3706 bill would have extended 20 weeks of additional benefits payments to the 99ers (jobless who have exhausted between 73-99 weeks of unemployment benefits) but, was blocked by lame-duck Senator George Lemieux (R-FL), citing deficit concerns.

The measure S.3981 will also have to pass a filibuster test, were any lone Senator could raise an objection to the bill. If the objection were to stand, S.3981 would go back either to the Senate Finance Committee for review or possibly could receive another vote on the floor, after discussions with opposing Senators.

Feel free to read the rest of the article here-http://www.reachoutjobsearch.com/2010/11/bush-tax-cuts-for-unemployment.html. Thanks!

[Poboy]

1. Not no, but FUCK no. This is a devil's deal. -nt

[Owl]

9. I agree.

[FiveGoodMen]

2. Cancel the cuts (let them expire) and that'll help pay for the UE.

Too sensible for DC, of course.

But just wait till we get some Democrats elected! :sarcasm:

[thereismore]

3. If the exchange is 1 year of unemployment for 1 year extension of tax cuts, fine.

If it's 1 year of unemployment for indefinite fucking tax cuts, I will support a primary challenge to Obama.

[gratuitous]

4. I predict

Any extension of the upper class tax cuts will become a permanent extension. If it's one year, two years or even one day, they might as well be carved in stone, because there will never again come a time when we raise the tax rates on the wealthy.

[onethatcares]

5. and with that I agree.

they will become the new mount wantmore chiseled in stone.

[Poboy]

6. This is no doubt the intent, and to deny it is to be a liar to reality.

This criminal government with the blessing of a criminal Administration are stealing from the nation's treasury and bankrupting its citizens.
Any extension will be permanent. This is a CRIME.

[Poboy]

7. These impotent representitives of ours are giving away the country.

[Hannah Bell]

8. no. you don't bargain with the fucks. make them defend their scrooge votes.

[Better Believe It]

10. Quit the b.s. and just pass the unemployment extension with 51 votes.

Get out the cots, cancel the Christmas recess and make the bastards filibuster on the Senate floor.

Democratic Senators have the power to do that.

No more lame excuses for inaction and surrender to Republicans.

If the Democrats fail to fight Republican obstructionism like they can, the blame for not passing unemployment compensation extensions clearly must be shared by Democrats.

If Democrats can't run Congress when they control it what good are they?

That's what a lot of voters will be asking in 2012.