Over at Kiplinger News, they report that the Senate has now started a discussion about bill HR 4213, the so-called “extenders bill” that would include extending the unemployment benefits filing deadline, eliminate tax loopholes for hedge fund managers, and reinstate certain expired tax breaks for businesses.
The difficult negotiations are expected to last for much of the week at the very least, according to Senate Majority Leader Harry Reid (D-NV). House bill HR 4213 barely passed the Democrat-stuffed House, and it is anticipated that a version of the bill – along with several new amendments – will have a tough time passing the Senate without a definite filibuster-proof 60-vote supermajority.
The need for quick action get stronger every day, with an estimated 320,000 more people losing their benefits by the end of this week if the Senate does not act fast, according to the US Dept. of Labor.
If the bill passes it would extend the filing deadline for unemployment benefits extensions under the current 4-tiered system until the end of November of this year. It would not add additional benefit tiers for those who have exhausted their benefits already.
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