Long Term Unemployed Benefits Extension
Jobless workers who have exhausted their Unemployment Insurance (UI) benefits for 99 weeks (from Tiers 1-4) otherwise known as the 99ers remains hopeful as a new bill that would create a Tier 5 of Unemployment Extension is being cooked up in the Senate.
The new legislation known as the “Americans Want to Work Act” which was introduced by Senator Debbie Stabenow (D-MI) is expected to essentially provide additional sustenance for unemployed workers for more than 99 weeks plus tax cuts for businesses that will hire new workers who have been out and looking for work.
The bill is cosponsored 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 Americans Want to Work Act if passed will provide 20 weeks of unemployment benefits extension for individuals in states where unemployment rate is 7.5% or higher.
However, eligibility for weekly claims would still oblige individuals to meet regular unemployment insurance law requirements.
If you’re one of the many hopeful 99ers waiting for the government to do something with your condition, this is absolutely a blessing to look forward to. So share this post now with your friends and family.
If you’re one of the lucky workers with a job today, do you think this bill urgently needs passing or is just another disincentive? Have your say in the comments or simply answer the poll below.