NEW YORK (CNNMoney.com) - Unemployed Americans are set to get up to 20 additional weeks of jobless benefits, while new homebuyers are poised to see the $8,000 tax credit extended into mid-next year.
The House approved the measures by a 403-12 vote Thursday afternoon, a day after the Senate passed the legislation. The bill now moves to the White House for the president's signature.
The closely watched legislation would extend jobless benefits in all states by 14 weeks. Those that live in states with unemployment greater than 8.5% would receive an additional six weeks. The proposal would be funded by extending a longstanding federal unemployment tax on employers through June 30, 2011.
The measure would apply to those whose benefits run out by Dec. 31, which is nearly two million people, according to Senate estimates. Those whose checks have already stopped would be able to reapply for another round.
Full story on CNNMoney.com
BOO-YAH!!! I'm coastin' baby.
I think they'd prefer a job. Government should focus on making the employment climate better instead of expanding the dole. But that's not what this is about is it?
If Barack takes care of me, I'll vote for him again.
So the bigger Democrat states that naturally have higher unemployment get more money. Spread the wealth – Destroy the country. Reward failure – Punish success. Good News Cuba will be drilling off-shore in Florida $400+billion in oil + natural gas we sure don't need. Thanks Dems for helping grow the Cuban government as well.
You need to understand one BIG change that the Obama administration is following (not sure if everyone notices this)
LEAD BY EXAMPLE!!!!
This is good for us – Cheney NEVER believed in such principles and considers this stupid....
Thank god. Even if Republicans tried to hold up this legislation while millions of people needed these benefits.
Please make sure it only goes to registered democrats after all it's just more godless, socialistic, redistribution of wealth from the Obama administration........
Isn't that right conservatives, republicans, secessionists ?
Isn't that what you want, less government interference ?
Why do many people assume that everyone on Unemployment is lazy?
It must servce some emotional need to characterize people like that.
Does it really make some of you feel better about yourselves?
How come so many republicans voted for a socialist handout for those who are too lazy to work? We real Americans who work and pay taxes are not pleased. Have a nice day!
By increasing unemployment benefits you will actually cause lost jobs. I own a small business and I have to pay for the unemployment of former employees. Because of this stupid move by congress I will have to pay more money for people who I had to fire and I will end up not hiring people that I could have hired.
I've been out of work for ten months and it's Obama's fault. He 's been in office over nine months! Shouldn't unemployment be in the single digits by now.
thats great let the working keep paying for the ones who dont...just what the govmt wants...more welfare rats
Honestly, the ignorance of some people! Americans who are unemployed have been paying "unemployment taxes" .
Keep up the hate & lies, GOP, see IF America will buy your vile politics this time!
NY-23 went to a Democrat for the first time in 100 years!
California's Dis. 10, voted AGAIN for the Democrat!
TWO MORE DEMOCRATIC CONGRESSMEN JOIN THE HOUSE!
Bail out the big companies but not the employees those companies laid off. That's what the GOP would do. It's good to have a sensible and intelligent administration. OBAMA/BIDEN '12
I got laid off of work in the early 90's when the unemployment rate got in the double digits. I was out of work for a year. I looked for work practically every day. I survived financially because President Clinton extended unemployment benefits.
Face it, folks - we're in a RECESSION and people don't have jobs. Be glad we've got a president who understands that most people WANT to work and are looking for work. They need to survive until they can find a job - and believe me, unemployment barely pays the bills to keep you from living in your car. You don't get rich off of it.
It truely is pathetic to see some of the comments placing all unemployed people in to one category. These posters fall into one of two sub-categories (Delusional or very misinformed) and under ONE main category: Republican.
The saddest part is that these pathetic little people find joy in ridiculing others. That's what made me switch parties, the absolute hypocracy of the republicans is SICKENING. They claim to be the party that embraces christian values, but then they go and act in the absolute opposite to it. Hopefully god will eventually bless them with some morals.
How stupid do you have to be to not understand what umemployment insurance is? People recieving unemployment compensation had a job, then lost it. While some got fired due to incompetence, the vast majority lost their jobs due to downsizing and the bad economy. None of them quit, because if you quit, you can't collect unemployment. So, those of you calling these people lazy, and saying they are on the dole might like to explain exactly what they are talking about.
Of course they need to extend the benefits. The ass in the White House can't figure out how to create jobs. Looks like more people will be getting more magical obama-money!
Extending the unemploymeny benefits takes into account not only a check (cheque) but that each person must be actively looking for work. They are also informed to get training on other skills.
This is not socialism but honestly helping people who can't find jobs, are unqualified for other jobs or are willing to do retraining.
Everyone seems to think the President have a magic wand and he can wave it and create jobs. The President (no matter who) can only do so much by way of the stimulus for instance. This is a short term gap fill but it takes small, medium and large businesses to bring back a stable economy.
Microsoft for instancen never layed off workers in all the years they have been in vusiness; not anymore, they have cut thousandsover the past months. Should this not tell you how difficult things are in general?
Yeah, I know; many companies prefer not to add people just for the sake of sticking it to Obama. Ask the neo-cons about that.