Unemployment Extension:What Happened To HB 4213 TodayBy Stephanie Robins on June 9, 2010, 8:23 pm Posted in Finance News
Many were wondering just exactly was going to take an additional week of work on the bill that provides an extension of the unemployment benefits along with the many other things that are provided in this bill. The additional time is necessary to insure that the Democrats have the support they will need to get it passed, in part. The other part of the reason is what this article is about.
Sanders Introduced An Amendment
Senator Bernie Sanders (I-Vt) proposed an amendment to the bill that would, in the long-run, help off-set the costs of the bill. He introduced a repeal of $35 billion in tax breaks for the oil industry. The provision will in essence provide $25 billion for the deficit reducion, and the remaining $10 billion will go toward energy efficiency projects. He stated the the proposal simply asks one thing “Which side are you on? Are you on the side of the oil and gas companies that year, after year, after year have been making huge profits? Or are you on the side of reducing the deficit?” This measure will probably be voted on next week.
Orrin Hatch (R-Ut) Picks At Reid For Not Moving Sooner
Hatch trashed Majority leader Reid on Wednesday saying that Reid should have moved on the tax extenders bill while the bi-partisan support was present, back in March. While he had the floor he said “The majority had ample opportunity before now to take up and pass the tax extenders bill but political games got in the way.” He was referring to last year when Reid stripped the Baucus/Grassley measure. Hatch went on to say “Practically everyone agrees that these provisions are job creators and both sides wanted to put them in the bill on a bipartisan bases.”
After the Senate finalizes the bill, the House must approve the changes in the bill, then it will go to the president.