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Dems Shrink The Unemployment/Tax Extenders Bill Again, But GOP Still Says No

June 24, 2010 - by Donny Shaw

After consulting with lobbyists yesterday to see what it would take to win a few Republican votes, Senate Dems are back with their latest revision of the H.R. 4213, the American Jobs and Closing Tax Loopholes Act. Majority Leader Sen. Harry Reid [D, NV] has already filed cloture on the revised bill, and according to the congressional record, “a vote on cloture will occur on Friday, June 25, 2010.”

Cloture is a procedural motion to overcome a filibuster that requires 60 votes to pass. According to reports, the Democrats have been within two votes of passing the cloture motion for several days now. This latest revision is designed to shore up support among Democratic and Republican moderates to win those crucial two votes. At this point, all indications are that it hasn’t worked.

So what has changed in the latest revision?

  • Slight softening of the carried-interest tax loophole closer — this revision makes a few “technical corrections” to the provision in the bill to raise taxes on hedge fund managers who for years have been exploiting a loophole in the tax code to pay the lower capital gains rate on their personal income instead of the regular income tax rate. The revisions would cause this provision to bring in about $500 million less in new revenues over the next ten years.
  • Phase-out of state Medicaid aid — Like the previous version of the bill, this latest revision would extend for six months a stimulus program providing federal assistance for states that are struggling to pay their Medicaid bills. This version, however, would gradually phase out how much the federal government pays out over those six months, reducing the cost of the provision by $8 billion.
  • Elimination of Advanced EITC — People eligible for the earned income credit currently have the option to use a program allowing them to essentially get advances on the credit by having less money withheld from their paychecks throughout the year. The latest revision would end this program, saving $1.2 billion over the next ten years. The savings are the result of eliminating the possibility of errors in how the program is executed.
  • $11.29 billion in reallocations — Lots of money moved from other programs to pay for the spending items in H.R. 4213. Here’s what the summary from the Finance Committee says is being reallocated: “These reallocations consist of $600 million in unobligated Recovery Act funds intended for improving broadband deployment across the U.S. and $260 million in Recovery Act savings from the lower cost of construction and repair on Defense Department contracts. Also included is $900 million from non-Recovery Act Defense Department unobligated balances which will expire on September 30, 2010, and are excess to current requirements. In addition, effective June 1, 2014, food stamp benefits will return to the levels that individuals would have received in 2014 under pre-Recovery Act law.”
  • New Medicaid pricing for certain drugs — Would make “inhalation, infusion, or injectable drugs that are not dispensed through retail community pharmacies” subject to pricing under the Medicaid “average manufacturer price” formula. This would result in Medicaid paying about $2.1 billion less for these drugs over the next ten years.

…The provisions regarding unemployment benefits appear to be untouched from the previous revision of 6/23.

According to my estimates (an official CBO estimate is not yet available), these changes would cut the deficit impact of the bill by about $22 billion, leaving just $33 billion unpaid for. Most of that $33 billion would be used for the extended unemployment benefits, which are designated “emergency spending” and not subject to congressional offset rules known as pay-as-you-go. Even with all these new cuts in the bill, reports are indicating that Republicans will continue to filibuster.

Here’s WaPo:

Senate Democrats were ready to throw in the towel late Wednesday on a months-long effort to deliver fresh aid to states and extend benefits to unemployed workers, saying Republicans had rejected their latest offer to pare down the size and cost of the package.

And Here’s HuffPo:

Democratic leaders in the Senate have apparently failed to win enough support to overcome a Republican filibuster of a bill to help the poor, the old and the jobless, despite making a series of cuts to the measure over the past several weeks to appease deficit hawks.

“It looks like we’re going to come up short,” said a senior Democratic aide on Wednesday evening. “It looks like Republicans are prepared to kill aid to states, an extension of unemployment benefits, and ironically, the Republicans are prepared to kill efforts to close loopholes that allow companies to export jobs overseas.”

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Comments

Displaying 1-30 of 59 total comments.

nmeagent 10/01/2010 10:06pm
in reply to kolinskydc Jun 28, 2010 4:26am

I never wanted to enter the system, yet I am forced to. Money is taken from my paycheck for unemployment insurance I neither want nor need. This bit of money signifies a finite portion of my lifespan; unless society somehow owns me, this definitely constitutes theft. By what right do you lay claim to my time and energy?

“People who don’t work and have kids to collect welfare, foodstamps and rent subsidies and those who fake disabilities are the ones who “steal” but no-one has a problem continuing these programs."

I have a problem with these programs for the same reason. Private charities can provide those services without the implicit threat of force. I would argue that they do a much better job of it as well.

“…when they find themselves unemployed through no fault of their own.”

That’s a hell of an assumption. If they use your logic and vote accordingly, they’re partially culpable.

Chris51 07/11/2010 6:58am
in reply to Chris51 Jul 10, 2010 7:07am

Oil & Gas Industry, history of strong influence in Washington. Individuals and political action committees affiliated with oil and gas companies have donated $238.7 MILLION to candidates and parties since the 1990 (Bush Senior term) election cycle, 75% of which has gone to REPUBLICANS…
Former oilmen George W. Bush and Dick Cheney occupied the White House for 8 yrs, the oil and gas industry could not win support for repealing bans on drilling in the Arctic National Wildlife Refuge. However, Congress voted in 2008 to lift a ban on offshore drilling… Read full story: http://www.opensecrets.org/industries/indus.php?ind=E0

Drilling bans were lifted during Bush’s last months in WhiteHouse in 2008. The After consumers & transportation industry & economy felt the pain of $1-$2 price hikes of gas, during Summer 2007. It was “the straw that broke the Camel’s backs”, PUTTING USA/AMERICANS INTO TAIL SPIN.

Chris51 07/10/2010 7:07am

Republicans filibustered UI Ext bill! They’re asking for UI Ext be paid, while at the same time they’re fighting to give their Special Interest groups special tax stimulus. Rep are trying to look like they care about the deficit, but for 10 yrs (Bush Admin) they never spoke of concerns for the huge deficit they were digging us into as they approved large spending for Special Interest. The Rep debate on these UI Ext bills are like “broken record”. They want USA to use the stimulus money that is already committed to the agreed upon projects, programs, etc. Republicans want USA to “rob Peter to pay Paul”, so they can try to prolong the problem past November election. This is how they have operated for YEARS, and we’re in worse shape now because of their IRRESPONSIBLENESS. People should not be in Leadership positions if they cant make decision for the problems at hand.
Dont take my word for it. Please read links Donny Shaw and others have provided with accurate research and reporting.

Chris51 07/08/2010 7:18pm
in reply to Chris51 Jul 08, 2010 7:18pm

GOP are determined to bloc everything the President is trying to do for the USA right now. He has a vested interest, and seems to take pride in doing the best job he can while in office.
We are in trouble as long as Republican politicians continue favoring their special interest.
How can any CEO or Owner of business get anything done if half of his managers or executives stand in his way just to be defiant.

President Obama speech on CSPAN today, while in Kansas City, MO to support a future candidate. Was right on.
If you are an unemployed American, and are thinking no one understands the difficulties of being jobless. Obama speech articulated the financial and emotional struggles well. Hat’s off to the President for saying what needed to be said.

http://cspan.org/Watch/Media/2010/07/08/HP/A/35248/Pres+Obama+Remarks+at+Fundraiser+for+Missouri+Senate+Candidate+Robin

Chris51 07/08/2010 7:18pm
in reply to Chris51 Jul 07, 2010 9:14pm

Senator’s excuse for not passing is a false statement.
Read all about it:
The funding argument is even harder to swallow. I’d be more sympathetic with these new converts to fiscal responsibility if they were as enthusiastic about paying for extending $32 billion worth of special interest tax breaks as they are about funding the unemployment extension. If I understand correctly, these lawmakers insist that Congress fund every dime of added jobless aid, which nearly all analysts agree will help boost the economy. But they feel no need to pay for continuing these special interest tax breaks, which will not.
Full Story:
http://www.csmonitor.com/Money/Tax-VOX/2010/0707/Senate-struggles-with-unemployment-benefits

Chris51 07/07/2010 9:14pm

CNN has actually screened and blocked several comments/blogs that expose the truth about the Republican Senators in regards to the UI Ext bills.

Here are some stories written with very accurate reporting of the UI Ext Crisis.

The unemployment emergency
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/05/AR2010070502658.html?hpid=opinionsbox1

Senate struggles with unemployment benefits
http://www.csmonitor.com/Money/Tax-VOX/2010/0707/Senate-struggles-with-unemployment-benefits

Calls to Suicide Hotlines Skyrocket Along with Unemployment
http://uspoverty.change.org/blog/view/calls_to_suicide_hotlines_skyrocket_along_with_unemployment

Chris51 07/03/2010 10:05pm

REPUBLICAN FILIBUSTER ON UI EXT BILLS!
Why don’t our Senators get that there is a great need?

The job market is broken.
The corporate executives are not going to give up their year-end profit bonus by adding jobs/payroll to their companies.

Here are a few stories on our jobless nation:

Job recovery hits a wall
http://money.cnn.com/2010/07/02/news/economy/jobs_june/index.htm

Job gloom at all time high
http://money.cnn.com/2010/07/03/news/economy/discouraged_workers/index.htm

7.9 million jobs lost- many forever
http://money.cnn.com/2010/07/02/news/economy/jobs_gone_forever/index.htm

Jobless claims spike
http://money.cnn.com/2010/07/01/news/economy/jobless_claims/index.htm

Thousands at risk for losing unemployment benefits
http://www.myfoxphoenix.com/dpp/money/job_news/unemployment-benefits-jeopardy-6-28-2010

Chris51 07/01/2010 9:03am
in reply to Chris51 Jun 29, 2010 11:20am

Corporations have increased their cash reserves to $1.84 TRILLION, THE HIGHEST FIGURE IN HISTORY! Big business and the banks, after an unprecedented bailout by the public treasury, are hoarding the funds (Americans pay this back on their IRS tax bill). BIG CORPORATIONS EXECUTIVES ARE MAKING BIG BONUSES AND GETTING SALARY INCREASES FOR SHOWING HUGE PROFITS. The cash reserves of major corporations have jumped 26 percent in one year, the largest percentage increase in nearly 60 years. The cash reserves of working people, and particularly the unemployed, have not been so fortunate.

REPUBLICANS bloc, the SENATE vote and defeat a proposed extension of unemployment benefits for unemployed workers. Many of these same Senators rushed through a $700 BILLION bailout of Wall Street in 2008 in a matter of days, cannot bring itself to support even the most meager subsistence for the unemployed workers who are the victims, not the perpetrators, of the economic crisis.
WWW.CHANGE.ORG

Chris51 06/30/2010 10:42pm
in reply to PolicyOgre Jun 24, 2010 8:29am

The Senate needs to be held accountable for their incompetence and lack of integrity. Shame on them for not coming up with a 100% solution for all Americans who are forced to survive on their UI.

President Obama can’t sign a bill, if Congress doesn’t get it to him. President Obama’s discussed the economy, and the need to help the displaced unemployed with UI Extentions on Monday and Tuesday. CSPAN.ORG

As of today, we have 9.7% unemployed, 55% of the workforce have taken reduced work hours, pay-cuts, unpaid leave, forced to switch to part-time, and BP Oil Corporation’s IRRESPONSIBLENESS is adding to LOST JOBS and LOST LIVES.
1.2 million who will lose their Unemployment Insurance if Republicans get their way.

The GOP have no vested interest in hearing or helping jobless people. The only communication Republicans hear is $$$$$. That’s why they listen to and only support Oil Companies, Insurance Companies, Banks, Big Corporations, and Wall Street

Chris51 06/30/2010 6:54am
in reply to PolicyOgre Jun 24, 2010 8:29am

• It’s the Republican party who is busy watching out for Wall Street/Corporations.
Shame on Congress for not coming up with a solution for ALL its’ displaced hard working Americans.
• 9.7% unemployed = 1.2 million Americans, and 55% of the workforce have taken reduced work hours, pay-cuts, unpaid leave, forced to switch to part-time. The BP Oil Corporation’s irresponsibleness is adding to lost jobs and lost lives.

Yesterday, President Obama’s discussed what was happening with corporations, the economy, and the need to help the displaced unemployed. Watch his entire interview on CSPAN. He gets it.

CNN and FOX only report on self-interested, with their main story and topics cycling 24 hours. Go to CSPAN
CSPAN: http://www.c-span.org/Watch/Media/2010/06/29/HP/A/34826/Pres+Obama+Remarks+on+the+Economy.aspx

wwww.change.org

Chris51 06/29/2010 11:16pm
in reply to PolicyOgre Jun 24, 2010 8:29am

To the 1.2 million jobless americans I thought you would be glad to know that the Republicans let the Democrates get the Small Business Bill through.

How many Small Business loans will be approved to the jobless workers who are looking at the option of doing a business start up? NONE
-Poor credit and/or unemployed need not apply.

Everyone knows that banks, retailers, small or big businesses have the legal right to not interview or hire applicants if they have had any negative information on their credit history report. So on top of everything else the unemployed are trying to keep up with they must be sure to keep a high credit score standing while they are unemployed, in order to have at least a chance to get interviewed after completing MOST companies on-line application and required background information checks.
- It’s not always about experience, but about the criteria businesses/agencies use to screen applications for employment.
GOP WILL ONLY BAILOUT WALL STREET

Chris51 06/29/2010 3:35pm

Once again, Republican defeat a proposed extension of unemployment benefits for workers who have been jobless…

Yet Congress was able to rushed through SEVERAL billion $$$ bailoutS of Wall Street in 2007-2008. Starting with JPMORGAN CHASE.
The Wall Street Journal reported a few weeks ago that American corporations have increased their cash reserves to $1.84 TRILLION, the highest figure in history. In other words, big business and the banks, after an unprecedented bailout by the public treasury, are hoarding the funds that could put millions back to work. The cash reserves of major corporations have jumped 26 percent in one year, the largest percentage increase in nearly 60 years. The cash reserves of working people, and particularly the unemployed, have not been so fortunate..

Get in touch with what really is happening by going to CSPAN.org and www.CHANGE.org

Chris51 06/29/2010 3:33pm

President Obama gets it. God bless him.
It is the GOP who are busy watching out for Wall Street/Corporations.
Shame on Congress for not coming up with a solution for all its displaced hard working americans.

Today President Obama’s discussed what was happening with corporations, the economy, and the need to help the displaced unemployed. Watch his entire interview on CSPAN. I has been obvious for some time now that CNN and FOX are not intouch with what is really going on in our country. These news stations are only interested in the stories that they have a self-interested in.

CSPAN: http://cspan.org/Watch/Media/2010/06/29/HP/A/34826/Pres+Obama+Remarks+on+the+Economy.aspx

Then go to wwww.change.org
http://www.change.org/petitions/view/we_demand_an_immediate_passage_of_bill_hr_4213_extension_of_unemployment_benefits

Chris51 06/29/2010 11:20am

President Obama gets it. God bless him.
It is the GOP who are busy watching out for Wall Street/Corporations. Shame on Congress for not coming up with a solution for all its unemployed americans.

Watch President Obama discussion on this earlier today, go to CSPAN.
http://cspan.org/Watch/Media/2010/06/29/HP/A/34826/Pres+Obama+Remarks+on+the+Economy.aspx

Then go to wwww.change.org
http://www.change.org/petitions/view/we_demand_an_immediate_passage_of_bill_hr_4213_extension_of_unemployment_benefits

kolinskydc 06/28/2010 4:26am
Link Reply
+ -1
in reply to nmeagent Jun 24, 2010 8:47pm

I am not sure if you insinuating that extending benefits is comparable to stealing or not. These people have worked and payed into the system, so how would giving them back a fraction of what they have payed be the same as stealing. That claim is idiotic. People who don’t work and have kids to collect welfare, foodstamps and rent subsidies and those who fake disabilities are the ones who “steal” but no-one has a problem continuing these programs.

People who work for years, pay taxes which pays government salaries, government programs and aid to other countries DESERVE UI benefits when they find themselves unemployed through no fault of their own.

Chris51 06/27/2010 9:40pm
in reply to PolicyOgre Jun 24, 2010 8:29am

http://www.change.org/petitions/view/we_demand_an_immediate_passage_of_bill_hr_4213_extension_of_unemployment_benefits

A UNANIMOUS REPUBLICAN bloc, against the bill for extended unemployment benefits. Congress that rushed through a $700 BILLION bailout of Wall Street in Oct2008. Congress cannot bring itself to support even the most meager subsistence for the unemployed workers who are the victims, not the perpetrators, of the economic crisis.

The Wall Street Journal reported that American corporations have increased their cash reserves to $1.84 TRILLION, the highest figure in history. Big business and the banks, after an unprecedented bailout by the public treasury, are hoarding the funds that could put millions back to work. The cash reserves of major corporations have jumped 26 percent in one year, the largest percentage increase in nearly 60 years. The cash reserves of working people, and particularly the unemployed, have not been so fortunate… change.org

daredevil 06/27/2010 8:53am
in reply to PolicyOgre Jun 24, 2010 8:29am

I Have seen many of my good friends having to cut back over time due to unemployment and they are way too proud to ask for help. A few of them have been looking for work for almost 9 months and yet no luck in our area. How ever I have found my self having more and more cook out and inviting my friends over because I know that it helps them out. It may not be much but as long as I have the money I will continue to feed them once a week. It is not a hand out I am being a friend. Since I know they depended on there unemployment Benifits and know that they are gone due to this littl Debate in congress. I have seen my friend sell off little by little there things. There TV’s there recriational toys, there Jewlery and I am sure the wifes Dimond Ring is next. Times are hard for everyone of us and it is ever more so. for the Thousands of Americans that are Jobless. I hope that congress get on the ball and does what is right for this country.

nmeagent 06/25/2010 11:37pm
in reply to general Jun 25, 2010 3:05am

Maybe if you use a few more question marks I’ll give you an answer.

nmeagent 06/25/2010 9:08pm
in reply to general Jun 25, 2010 3:10am

That doesn’t even make any sense.

Vgolfmaster 06/25/2010 7:45am

I am a lifelong Republican who was disgraced and appalled at each and every Republican Senator who turned his or her back on the dislocated American worker last evening. Funny they seem to be so interested on where the funds are coming from for this unemployment extension, while they continue to funnel BILLIONS of dollars overseas. I am calling each and every Republican senators office today, and reminding them that all they have done is shifted this question of financing to each and every unemployed worker. Well done GOP.

I urge each and every one of you to call all of these Senators and voice your concerns, let them know it is real people they are affecting, and we are not just numbers.

http://www.senate.gov/general/contact_information/senators_cfm.cfm

skrapper 06/25/2010 4:11am

The best form of Welfare is a job! J.F.K..

Remember that, and send that around, maybe it will get to D.C..

skrapper 06/25/2010 3:41am

Then Things Changed! NAFTA went into gear, and jobs started going into other Countries. Now!!!. There almost all there. So we were placed on this thing called UNEMPLOYMENT! So it’s simple math. they owe us for our jobs, because do to Government, we know longer have jobs…
This is a National Catastrophe!! Government should get of there ass, and threw the Governors for the states, apply for help for these people, for this Country.
If I were still doing O so well,, I too would be blind. Open your eyes! We all would rather be working. Not collecting 1/3 of regular pay. You make it sound like it’s the only way to live. I don’t think so.. part 2 of 2

skrapper 06/25/2010 3:40am
in reply to nmeagent Jun 24, 2010 9:01pm

When things were going good in this Country ie: PEOPLE WORKING, CARS SELLING, HOUSEING BOOMING, and ETC.. We in this Country really didn’t care who this Government was STEALING from, :and they were!" They robbed S.S. blind, and we all new it. So we invested in IRAs, 401k, buying stocks. We new there was no future, so we had to take care of ourselves. Including the Government making us pay into Unemployment threw are Taxes. “like it or not.” part 1 of 2.
and we did!

general 06/25/2010 3:10am
Link Reply
+ -1
in reply to nmeagent Jun 24, 2010 8:49pm

Are you commenting from one of those small rooms in gitmo?

general 06/25/2010 3:05am
Link Reply
+ -1
in reply to nmeagent Jun 24, 2010 8:47pm

Talk about having your head up your ass when was the last time you saw the sunshine???????

nmeagent 06/24/2010 9:01pm
in reply to skrapper Jun 24, 2010 4:55pm

“Government better get off it’s ass and do something. The President should step in and make it law, another thing is, they should put a CAP on Gasoline before that hits $4.00 a gallon again. “not that anyone can afford it!!!” They need to do something.Before we all end up on the street."

This reasoning is the cause of 90% of your problems. You’re seeing the unintended consequences of government constantly “doing something” in exchange for votes from people like you. This fallacy that government can micromanage the free market to solve everyone’s problems has and will continue to cause untold misery. If you want an example, take a cold, hard look at the history of the Soviet Union.

If you want things to get better, stop relying on government action to steal income for you; ultimately they’re stealing it from those who would offer you employment.

nmeagent 06/24/2010 8:49pm
in reply to Reader7 Jun 24, 2010 10:53am

Private charity would be a viable option for you if you weren’t constantly in support of government theft from those who would give.

nmeagent 06/24/2010 8:47pm
in reply to HGAH_7 Jun 24, 2010 10:11am

“I am looking at a lot of these Rep. Senators profiles and a lot of them claim to be so called “Christians.” Well Riddle me this Mr. or Mrs. Christian Republican how can you claim to be a Christian (a Follower of Christ) and let people suffer. "

Considering you’re asking them to take a disproportionate share of money from one group to give to another, how about “Thou shalt not steal” as a possible conflict?

cookrsm 06/24/2010 7:59pm

If they don’t pass the bill we are headed for a worse recession, further foreclosures, unpaid rents (owners and renters affected) repossessions on vehicles, loss of monies to banks-more job loss. No grocery buying, electricity, water, gas. We will all be on welfare in shelters. Total disgrace. I have no words. My family will be homeless in one month.

Transparent 06/24/2010 7:30pm

What if we stopped putting our money in the bank? What if we all voted lib? What if we all claimed BK? What if we pulled out of investing and just sat on our cash? What then? See none of these things will ever happen because we fear the government, Constitution if interpreted properly states the government should fear the people. Actions my brothers and sisters, Actions.

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