Unemployment Extension Tier 5 July 15, 2010 Update – There had been an increasing clamor for the passage of the Unemployment Extension 2010, HB 4213 “Tax Extenders Bill”, and the possible inclusion of a Tier 5 Tax Extender. Unemployment continue to increase across various States and Republicans are still holding their opposition to the bills.
A bill which will give a Tier 5 called “Tax Extenders Bill” and seeks to temporarily extend unemployment benefits from the federal government for tiers 1-4 is still pending in the Senate.
However, those seeking approval of the Senate Bill will be frustrated since upon examining its provision you will find out that there is no tier 5 created by the bill.
Total spending for the Unemployment Extension Bill ballooned from $113 million in the House to $140 million in the Senate. The reason for the increased spending is due to relaxed tax hikes on Venture Capitalists and $24 in medicare reimbursements for the states.
If there is one thing good to report for our Unemployment Extension July 15, 2010 Update, the senate bill do extend COBRA subsidies along with the current tiers until November 30, 2010. Also, it will keep physician reimbursements from Medicare at levels where people will be able to afford to keep going to their doctors.
Those seeking unemployment benefits should not be disheartened by the Unemployment Extension July 15, 2010 Update, which equates to an inability of the US Senate and US Congress to enact a bill to help unemployed individuals in the United States. Why? You can still avail various local unemployment extension benefits in your respective states.
Those who are seeking unemployment extension benefits are advised to check the status of the unemployment in their state’s Unemployment Office web site. Details on who qualifies for unemployment extension and when and how benefits will be paid are also available.
If you want to really fast track the passage of the Unemployment Extension Bill in the senate and possibly include a Tier 5, you can write a letter to your state Republican Senator or Congressman and urged them to support Unemployment Extension 2010 and HB 4213 “Tax Extenders Bill”.
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