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Tier 5 Unemployment Extension 2010 Bill Update Aug. 7, 2010

Written by: on 7th August 2010 |
SenatorDebbieStabenowIntroduceTier5
Tier 5 Unemployment Extension 2010 Bill Update Aug. 7, 2010  | read this item

Tier 5 Unemployment Extension 2010 Bill Sponsored in US Senate – A Tier 5 Unemployment Extension Bill, known as Americans Want to Work Act was sponsored by Sen. Debbie Stabenow (D-MI). The bill which is also supported by majority of the Democrats in the senate hopes to cut taxes for business that hires new worker who had been looking for work the longest and provide emergency assistance for struggling families looking for work by creating an additional tier of benefits for those who have exhausted their unemployment insurance benefits.

This is indeed a great news for all 99ers who are struggling and fighting hard for the inclusion of a Tier 5 legislation. It is also an additional call that they should do during the Tier 5 and 99ers rally in New York on August 12, Wednesday.

The Tier 5 Unemployment Extension 2010 Bill is co-sponsored by Senators Charles Schumer (D-NY), Harry Reid (D-NV), Dick Durbin (D-IL), Carl Levin (D-MI), Bob Casey (D-PA), Chris Dodd (D-CT), Sherrod Brown (D-OH), Jack Reed (D-RI), and Sheldon Whitehouse (D-RI).

The name of the bill which is also widely referred to as the Tier 6 Unemployment Extension Bill 2010 is the “Americans Want to Work Act.”

One of the key provisions of the American Wants to Work Act which Tier 5 campaigners and 99ers would be happy about is the additional 20 more weeks of unemployment insurance to people in states with the highest number of people out of work.

What is good about this bill is that it will boost employment opportunities of 99ers and other unemployed since the benefit of hiring them will pass on to the company. The Americans Want to Work Act extends through 2011 the successful HIRE Act tax credit, signed into law earlier this year, to encourage businesses to hire workers.

The bill (HIRE Act) cuts payroll taxes for businesses that hire workers who have been out of work for longer than 60 days and also gives them a $1,000 general business tax credit for each worker employed for at least a year.

Tier 5 Unemployment Extension 2010 Bill or American Wants to Work Act will effectively double the tax credit to $2,000 if businesses hire workers who have totally exhausted their unemployment benefits. These workers are referred to as the 99ers.

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  1. alfred says:

    we have an employer hiring of undocumented worker problem not an illegal problem, business as usuall we always like to pass the buck, tea party where is the million man march against employers who hire , is farakan the only one that can organize one million man march, we can conduct march peacefully with no violance the only way to make respected change,,,,,,,,,,,i love my country,,,,,,,us navy veteran

  2. Regina Alexander says:

    !!SIGN MY PETITION @ CHANGE.ORG’VOTE OUT THE REPUBLICANS IN NOVEMBER’!!
    http://humanrights.change.org/petitions/view/vote_out_the_republicans_in_november

  3. AL says:

    Lets hope the senate does not go on vacation for a moth before even voting tp pass this all important vote more important than any bill they passed this month. I mean come on guys wake up and smell the coffee there ate no dam jobs out there. If there were do you thing people like me a man who has worked all of his adult like and was laid off for no fault of his own would be begging yes begging our lame ass government for help yes I said it lame ass government!!!! Where the HELL is the change OBAMA. I was laid off as a SENIOR AUDIT MANAGER working downtown New York City in October 2008 when WALL STREET FAILED and I am still laid off. I have been looking for work each and every got dam day and not MF-ING jog what the hell is going on. THIS IS SERIOUS AND WE NEED HELP OR ANSWERS NOW!!!!!!!

  4. AL says:

    excuse my spelling above its late and things like this just piss me the hell off…..

  5. melissa says:

    To AL,
    You have the right to be angry, however look at the very people who have held up every extension you have received. Then look at the names of the people and their party of who are trying to pass this bill. So many want to blame the president Obama for something George Bush created! The republicans have been each and every time holding up any extension we have all needed! Take your anger out on the right party because if you vote republican in november you can kiss your extensions goodbye!! Along with your a**!

  6. melissa says:

    AL, the republican party does not care and If Nancy Pelosi calls them back in to vote on this bill it will be voted on before their vacation. But dont count on it! The republican party could give a rats ass if you go hungry, or homeless! They just want to make the president look bad by voting no on everything they possibly can! So they will take their high paychecks and go on vacation leaving us all broke, just like they do when they vote no on each extension, and while the democrats are trying to get them to change their vote we all go without money and food!! Just remember which party does not give a crap about you!!

  7. curiousbout$$$ says:

    uuummm, everyones talking bout this bill but nobody (to this point) has said how these benefits will be paid for.