4.7: Unemployment Insurance
Extend unemployment insurance benefits and temporarily suspend taxes on these benefits. Other Information:
Millions of Americans are looking for work but unable to find it in the weak economy. Today, more than one in five unemployed
workers has been out of work for more than half a year -- the highest level since early 2005. Obama supported extending unemployment
insurance this summer, but already 800,000 jobless workers have exhausted those benefits and are being left without any unemployment
compensation. Obama and Biden believe Congress should immediately extend unemployment insurance for an additional 13 weeks
to help families that are being hit hardest by this downturn. In addition, they believe we should temporarily suspend taxes
on unemployment insurance benefits as a way of giving more relief to families.
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