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Bipartisan Senate Jobs Bill Reiterates 3-Month Jobless Benefits Extension

The latest draft -- but perhaps not the final version -- of a Senate jobs bill was released this morning by Sens. Max Baucus (D-Mont.) and Charles Grassley

Jul 31, 2020
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The latest draft — but perhaps not the final version — of a Senate jobs bill was released this morning by Sens. Max Baucus (D-Mont.) and Charles Grassley (R-Iowa), the leaders of the Finance Committee, who are hoping to tackle the nation’s 9.7 percent unemployment rate.
Wish them luck.
Not only are business leaders already doubtingthe effectiveness of the business tax cuts at the center of the bill, but the proposal is also loaded up with unrelated goodies that have little or nothing to do with job creation. For example: a seven-month Band-aid preventing Medicare doctors from getting smacked with a 21-percent pay cut at the end of this month.
By contrast, the extensions of both unemployment and COBRA benefits would run only three months (though May) under the Finance bill.
There’s time for tweaks. With the recent snow in Washington — combined with next week’s Presidents Day recess — the Senate isn’t expected to vote on anything until the week of Feb. 22.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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