News Release: Committee Majority Lines up with Wall Street in Vote to Roll
Back Late Fee Cap
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The House Financial Services Committee voted to overturn a regulation
capping credit card late fees, putting a majority of its members squarely
on the si...
Thursday, December 15, 2011
House Republican Unemployment Insurance Proposal Acts As If Economic Slump Is Over
The Party of No, having voted repeatedly to prevent investment in roads, bridges, mass transit and school construction, now wants to slash unemployment benefits and force the jobless to pee in a cup to get rent money.
by Chad Stone, Chief Economist, Center on Budget and Policy Priorities
"....House Republicans must think the job market is improving rapidly and that the Congressional Budget Office is way off base in projecting that the unemployment rate will average 8.7 percent in 2011 and 2012. How else can one explain their proposal to slash federal emergency unemployment insurance (UI) benefits?
The House Republican proposal -- part of their larger proposal to extend the payroll tax cut and UI benefits -- would slash, by 40, the number of weeks potentially available to unemployed workers who are struggling to find a job in some states that were hit the hardest by the jobs slump."
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Posted by Chuck Bell at 5:34 PM
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