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The Middle Class Tax Relief and Job Creation Act of 2012 ( Pub. L. 112–96 (text) (PDF), H.R. 3630, 126 Stat. 156, enacted February 22, 2012 ), also known as the " payroll tax cut", was an Act of the United States Congress. The bill was passed by the U.S. House of Representatives on February 17, 2012 by a vote of 293‑132, and by the Senate ...
Introducedin the Senate as S. 1845by Sen. Jack Reed (D, RI)on December 17, 2013. The Emergency Unemployment Compensation Extension Act(S. 1845) is a bill that would extend the length of unemployment benefitsto cover another three months, until March 31, 2014. The three-month extension would cost $6.4 billion. [1]
A 13-month extension of federal unemployment benefits. The cost of this measure was estimated at $56 billion. 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.
Since the start of the pandemic, mass unemployment has rocked the nation. To help mitigate the damage, two economic stimulus packages allotted unprecedented sums of money to create new benefits ...
"Indiana law recognizes the importance of these benefits. Indiana law requires the State to accept these benefits," Judge John Hanley's decision said.
In Indiana, a court ruling struck down reinstating benefits, but the state still has to pay them out for 30 days. Indiana gets to keep unemployment benefits - but only because of a technicality ...
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.
The unemployment insurance program is a benefit for workers who have lost their jobs. The maximum duration of benefits has increased from 26 to 99 weeks in some states. Unemployment extensions across the U.S. are typically not a concern due to stringent policies that state unemployment agencies have enacted in recent years.
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