Unemployment and the Economic Drive

Congressional Democrats along with President Obama are considering a major expansion of government-assisted health care insurance and unemployment benefits as part of a two-year economic revival plan.

 

Proposals of empowerment plan included extending unemployment compensation to part-time workers, subsidizing employers who must continue health insurance benefits temporarily for laid-off and retired employees and allowing workers who lose jobs that did not include insurance to apply for Medicaid.

 

The economic empowerment proposals would be included with other economic measures like ramping up spending on infrastructure and other public works projects meant to stimulate job development. According to the democratic advisors, the House is not expected to vote soon on any stimulus plan, with final action now unlikely before February, according to the news reports.

 

The package citing Obama advisers, which could face the resistance from Republicans and conservative Democrats, would cost at least $775 billion. President Barack Obama is also likely to suggest a tax credit of $500 for eligible individuals and $1,000 for couples. Those Americans, According to empowerment plan, earning too little to pay federal income tax would receive a check meant to offset Social Security retirement and Medicare payroll taxes.