Two Years of Tax Cuts for One Year of Unemployment Insurance
The Democrats’ epic cave-in to the Bush tax cuts is now complete. Late Thursday evening, by a vote of 277-148, the house of Representatives authorized a offer brokered by President Obama and congressional Republicans to extend, for two years, the Bush tax cuts for all income levels in exchange for a one-year extension with the submitting deadline for federal unemployment insurance. Since the version passed by the house is identical for the bill passed by the Senate previously this week, it will be sent to Obama quickly and is anticipated to be signed into law later nowadays.
Conspicuously missing in the bill is definitely an extension of unemployment insurance for “99ers,” unemployed workers who’ve exhausted all of their accessible advantages and are even now unemployed. The Congressional Black Caucus talked about pushing for 99er relief inside the bill to get a second.
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