Report: No Unemployment Benefits Extension in Senate Jobs Bill
Senate Democrats are piecing together another stimulus bill designed to tackle the ongoing unemployment crisis, but if the reports coming out of Capitol Hill today are any indication, the package is likely to be much smaller than the jobs bill passed by the House last month. Indeed, The Washington Post indicates that upper-chamber Democrats are eyeing a proposal in the $80-billion range — roughly half of the spending in the House version.
The Senate bill, the Post notes, “will be heavy on tax breaks designed to spur businesses to make new hires.”
Also of note: Unlike the House bill, the Senate proposal excludes an extension of unemployment benefits. Instead, the UI extension “may move” separately, the Post reports.
