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In Congress, the debate continues about whether or not to extend unemployment insurance benefits for the long-term jobless. These payments stopped on the last day of 2013, and ever since, the House and the Senate have gone back and forth with ideas, concessions and arguments.

While progress has been made – the Senate recently approved an extension – it is still up to the Republican-led House to pass the final vote. Points of contention center around job creation and other financial aspects, but a new idea may have emerged that could be of interest to the nation’s numerous employers.

Tax credit instead of bill?
Over the past several months, the conversation in Congress has centered around the extension to the expired unemployment insurance bill. While the Senate did reach a bipartisan compromise, Rep. Tom Reed has offered up another option instead of the proposed legislation.

According to the Rochester, N.Y.-based Democrat and Chronicle, Rep. Reed pitched an alternative legislation that would instead provide tax incentives for businesses that hire the long-term unemployed. This idea has come following the insistence of House Republicans that any bill must include a jobs provision.

While the specifics of Rep. Reed’s proposal are not yet known, on a conference call with reporters he stressed that private sector job growth will be spurred on by a focus on debt, tax reform, removing regulations and creating a comprehensive energy policy, the media outlet reported. He also noted that he thinks the U.S. government can do better.

Decision may have to wait
While Rep. Reed brings up an interesting idea, the House may have to wait before it can hear any alternatives or recommend changes to the new unemployment insurance bill.

According to CBS News, Friday, April 18 signals the beginning of a two-week spring break for representatives. Sessions resume on April 28, and any negotiations would have to take place quickly following that date. The current bill that was just approved by the Senate only extends benefits until the end of May, so it is up to House to either pass it right away or offer changes that would extend that deadline. Either way, the decision is extremely important.

“The labor market has just not recovered sufficiently, and the relative difficulty for people who’ve been out of work for six months or more in landing a job is just as tough now as it’s been throughout the recession and the recovery,” Mitchell Hirsch, with the National Employment Law Project, told CBS News.

At Corporate Cost Control, we work closely with employers across the country to better manage the nuances of unemployment insurance. Legislation changes on the state level could impact you today, and we welcome any questions or concerns you may have on a wide range of topics.


Contact CCC to see how we can save your organization time and money.
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