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About 4,300 of Mr. Bunning’s constituents are expected to exhaust their benefits next week under current law.
Originally posted by David9176
reply to post by ExPostFacto
Thanks for sharing this.
About 4,300 of Mr. Bunning’s constituents are expected to exhaust their benefits next week under current law.
Amazing he'd do that to people in his own state. It looks as if Republicans are going to get the bill passed...with added BS of course.
Maybe the GOP was testing the waters on this one...and let Bunning take the heat as he's not running for re-election.
Like I stated...this looks bad on the GOP big time. In case they didn't realize, CONSERVATIVES are on unemployment too!!
30 million people unemployed...that's 30 million possible voters. Think this may have changed a mind or 2?
Originally posted by Realtruth
Unemployment should be the last thing to go since all of these people have paid into it over their work careers.
How many meals do you miss before the riots start? Was it 9?
Unemployment insurance is a federal-state program jointly financed through federal and state employer payroll taxes (federal and state UI taxes)[18]. Generally, employers must pay both state and federal unemployment taxes if:
(1) they pay wages to employees totaling $1500 or more in any quarter of a calendar year; or,[18]
(2) they had at least one employee during any day of a week during 20 weeks in a calendar year, regardless of whether the weeks were consecutive. However, some state laws differ from the federal law.[18]
To facilitate this program, the U.S. Congress passed the Federal Unemployment Tax Act (FUTA), which authorizes the Internal Revenue Service (IRS) to collect an annual federal employer tax used to fund state workforce agencies. FUTA covers the costs of administering the Unemployment Insurance and Job Service programs in all states. In addition, FUTA pays one-half of the cost of extended unemployment benefits (during periods of high unemployment) and provides for a fund from which states may borrow, if necessary, to pay benefits. As originally established, the states paid the federal government.[18]
The FUTA tax rate was originally three percent of taxable wages collected from employers who employed at least four employees,[19] and employers could deduct up to 90 percent of the amount due if they paid taxes to a state to support a system of unemployment insurance which met Federal standards,[17] but the rules have changed as follows. The FUTA tax rate is now 6.2 percent of taxable wages of employees who meet both the above and following criteria,[18] and the taxable wage base is the first $7,000 paid in wages to each employee during a calendar year[18]. Employers who pay the state unemployment tax on a timely basis receive an offset credit of up to 5.4 percent regardless of the rate of tax they pay their state. Therefore, the net FUTA tax rate is generally 0.8 percent (6.2 percent - 5.4 percent), for a maximum FUTA tax of $56.00 per employee, per year (.008 X $7,000 = $56.00). State law determines individual state unemployment insurance tax rates.[18] In the United States, unemployment insurance tax rates use experience rating.[20]
Within the above constraints, the individual states and territories raise their own contributions and run their own programs. The federal government sets broad guidelines for coverage and eligibility, but states vary in how they determine benefits and eligibility.
Originally posted by ExPostFacto
Originally posted by Realtruth
Unemployment should be the last thing to go since all of these people have paid into it over their work careers.
Unemployment is paid by the employer. I will put together a thread tonight regarding the law around UI benefits, and how companies avoid paying into the system. Like all things there are ways rich people avoid paying into these systems designed to protect the public.
Originally posted by Wolf321
...That being said, how long do you think the government should support a person not working?
And given the track record, stunts like these are to make the other side look bad in some fashion. Even if it turns out to be "Dems would rather spend billions and billions on extending social support and welfare programs creating dependency instead of job creation so Americans can build a better future for themselves."
Originally posted by NoJoker13
I'd just like to know how 1 person has this much power, this is absolutely rediculous. Who is this guy? Like emperor of the senate or something? I thought majority rules? Whatever happened to that?