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The Emergency Unemployment Compensation 2008 (EUC08) is an extension of unemployment benefits authorized under federal law. The Middle Class Tax Relief and Job Creation Act of 2012 (enacted on Feb 22, 2012) modified EUC08.
The Unemployment Compensation Extension Act of 2010 (Pub. L. 111–205 (text)) is an American law that was signed into law by President Barack Obama in July 2010. It extends the filing period for unemployment benefits for Americans affected to the serious economic recession of 2007 until November 2010.
A 13-month extension of federal unemployment benefits. [2] [9] The cost of this measure was estimated at $56 billion. [7] A temporary, one-year reduction in the FICA payroll tax. The normal employee rate of 6.2 percent is reduced to 4.2 percent. The rate for self-employed individuals is reduced from 12.4 percent to 10.4 percent. [9]
Now that Kentucky Senator Jim Bunning has finally relented and allowed the Senate to pass unemployment extension benefits, many out-of-work Americans can breathe a sigh of relief. When there's a ...
The Senate moved forward with the unemployment benefits extension bill, which will provide retroactive benefits until the end of the year, effectively beating the Republican filibuster with a vote ...
By Christopher S. Rugaber WASHINGTON (AP) -- The U.S. unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Senate Democrats are poised to pass an extension of unemployment insurance for the 2.5 million people whose benefits have expired. Tuesday, new Democratic senator, Carte Goodwin of West Virginia ...