jobless benefits to be 13 months: cnn (money, program, compensation, temporary)

[C.C]

Originally Posted by diorgirl

In addition to some House Democrats, Tea Party Republicans are also speaking out against the proposed "framework" for the extension of tax cuts/federal unemployment benefits announced by the President.

Tax Cuts: The Real End Game Is In The House
Bachmann: GOP could scuttle tax deal tied to extending jobless aid - The Hill's Blog Briefing Room

No wonder - according to this account, the deal costs $900B over 2 years, entirely "funded" by new deficit spending...

[plenewken]

Originally Posted by Sweater Fish

I think Ariadne is just trying to be realistic and temper people's expectations.

This 13-more-months-of-EUC-for-extending-Bush-tax-cuts plan everyone is talking about is still pie in the sky when it comes down to it. It's a long, long way from getting passed and like most political wedge bills, it's very likely to change as it moves from the White House, through both houses of Congress, and then back to the White House.

While in theory, yes, that could mean that a new tier for 99ers or something else good for poor people could get added before it passes, doesn't everything we know about American politics suggest instead that the last minute changes are more likely to go in the other direction? Meaning a shorter extension of EUC than the 13 months Obama is asking for or else bigger concessions to Bush-era tax policies.

When I see that one of the tax points being discussed now is the exemption of estate taxes under $5M for an individual and $10M for a couple, I realize that our politicians live in a different world.
How many individuals in the US have a net worth of more than $5M?

[diorgirl]

Originally Posted by plenewken

When I see that one of the tax points being discussed now is the exemption of estate taxes under $5M for an individual and $10M for a couple, I realize that our politicians live in a different world.
How many individuals in the US have a net worth of more than $5M?

At last count, more than 40% of the members of the House of Representatives do.

[plenewken]

Originally Posted by diorgirl

At last count, more than 40% of the members of the House of Representatives do.

And the rest is at $3.5M-$4M.

[Sweater Fish]

As the poor in our country get poorer and the middle class erodes, the fact is that the rich also get richer. Many people forget that. Many poor and middle class people, I should say. The rich don't forget it. They count on it.

People who have actual wealth--as opposed to the imaginary wealth of credit and potential for credit--always make a killing during economic hard times.

When you think of the 1930s, you think of bread lines and dust bowl refugees and hoovervilles, but don't you also think of Getty, Rockefeller, Kennedy, New York society and millionaire heiresses? They're sides of the same coin.

[OHGreat]

Originally Posted by C.C

No wonder - according to this account, the deal costs $900B over 2 years, entirely "funded" by new deficit spending...

Really makes you laugh about all the blocking of Unemployment Benefits and how they had to put their foot down on spending.

[steve_nite]

Originally Posted by diorgirl

The "13 months" is an extension of the eligibility cut-off dates. That means that people have longer to qualify for and to collect the four Tiers of benefits (total of 53 weeks). Basically, it helps people who are more recently unemployed.

The current cut-off dates were at the end of November 2010. If the proposed 13-month extension is passed, it means that people can start collecting a Tier -- or move to the next Tier -- through December 2011.

The 13-month extension does not add any more weeks to the 53 already provided by the four Tiers -- so it does not help people who have exhausted the benefits to which they were entitled.

Thank you for the info. That explains it for me,

[Thisisjuno]

Originally Posted by DoberPup

So I, in Nevada, just filed today for the last of my SEB, week ending 12/04/2010. Nevada end date is 12/11/2010. If this all passes as is, does that mean I'm a 99er and will get nothing?

I File my last next week December 11th but I have not been on (( weeks...More like 70 so that confuses me because i was told Nevada is one of the highest and you can stay on for 99 weeks so Im not sure why my seb tier would end at 70 weeks. What tier is the seb benefits in nevada anyhow I thought it was already tier 5? Anyhow I now live in Florida and have applied for over 150 jobs here to no avail yet. I called Nevada unemployment and they said to still keep filing the weekly seb sheets until we know what will happen at least through January...

[DoberPup]

Originally Posted by Thisisjuno

I File my last next week December 11th but I have not been on (( weeks...More like 70 so that confuses me because i was told Nevada is one of the highest and you can stay on for 99 weeks so Im not sure why my seb tier would end at 70 weeks. What tier is the seb benefits in nevada anyhow I thought it was already tier 5? Anyhow I now live in Florida and have applied for over 150 jobs here to no avail yet. I called Nevada unemployment and they said to still keep filing the weekly seb sheets until we know what will happen at least through January...

SEB in Nevada is 13 to 20 weeks. I e-mailed DETR at the address on their site, and they wrote back to say if the bill passes I will be eligible for 6 more weeks and to keep filing. I was told I am NOT a 99er, but still close to cutoff. You may want to write them.

[Opyelie]

even adding a 12-14 week Tier 5 would help the 99ers at this point. It would at least give them something to make a "plan B" with, as it seems the job market and economy isn't rebounding anytime soon.