Stimulus.org - Dept. of Labor

Unemployment Compensation Extension Act of 2010

Adam Rosenberg — Fri, 23 Jul 2010 16:03:29 +0000

Date:

July 22, 2010

Who:

Dept. of Labor

Maximum Amount:

34000000000

Amount Spent:

34000000000

Deficit Impact:

34000000000

This bill extends unemployment insurance benefits through November 2010 and makes them retroactive to June 2, when the benefits previously expired. It also eliminates the $25/week increase in benefits that was originally approved in the 2009 stimulus. The maximum number of weeks for collecting benefits is set at 99.

Source:

Notes:

The cost of this bill was not offset, since it was deemed emergency spending and therefore exempt from PAYGO rules. Thus, the amount spent and the deficit impact represent the total cost of the bill.

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Continuing Extension Act of 2010

Jason Peuquet — Mon, 19 Apr 2010 21:46:20 +0000

Date:

April 15, 2010

Who:

Dept. of Labor

Policy Area:

Fiscal Policy

Economic Target:

Other

Action Type:

Direct Spending

Maximum Amount:

13905000000

Amount Spent:

13905000000

Deficit Impact:

13905000000

The Continuing Extension Act of 2010 extended unemployment benefits for previously unemployed workers for an additional two months, extending the benefit until the beginning of June.

Source:

CBO Analysis of Continuing Extension Act

Notes:

None of the provisions of this bill were offset, as they were deemed "emergency" spending to lawmakers which exempts the bill from having to be offset under current PAYGO rules. Thus, the maximum amount and deficit impact reflect cumulative spending and reduced revenue over the 2010-2011 period.

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Temporary Extensions Act of 2010

Jason Peuquet — Mon, 15 Mar 2010 15:03:21 +0000

Unemployment Rate

Date:

March 2, 2010

Who:

Dept. of Labor

Policy Area:

Fiscal Policy

Economic Target:

Other

Action Type:

Direct Spending

Maximum Amount:

8020000000

Amount Spent:

8020000000

Deficit Impact:

8020000000

As part of the Temporary Extension Act of 2010, unemployment benefits were extended for another month, raising the maximum number of eligible weeks in which unemployed workers can receive benefits up from 99 to 103.

Extended unemployment insurance benefits were originally passed as part of the American Recovery and Reinvestment Act.

Source:

CBO Estimate of Temporary Extensions Act of 2010

Notes:

Other minor spending provisions were also included in the legislation. The deficit impact reflects the net change in the deficit from unemployment insurance.

Maximum amount reflects total increased outlays and reduced revenues for the provision over the 2010-2020 period.

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Unemployment Insurance Extensions

Jason Peuquet — Mon, 15 Mar 2010 14:54:05 +0000

Unemployment Rate

Who:

Dept. of Labor

Policy Area:

Fiscal Policy

Economic Target:

Other

Action Type:

Direct Spending

Maximum Amount:

69640000000

Amount Spent:

69640000000

Deficit Impact:

67060000000

Several bills since November 2009 have extended the duration in which unemployed workers can receive unemloyment insurance benefits, originally extended as part of the American Recovery and Reinvestment Act. So far, lawmakers have extended unemployment benefits 3 times since ARRA was passed in February 2009, raising the maximum number of eligible weeks from 59 to over 99.

Source:

Notes:

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Extended through Defense Appropriations Bill

Jason Peuquet — Wed, 27 Jan 2010 17:43:28 +0000

Unemployment Rate

Date:

December 24, 2009

Who:

Dept. of Labor

Policy Area:

Fiscal Policy

Economic Target:

Consumers

Action Type:

Direct Spending

Maximum Amount:

11300000000

Amount Spent:

11300000000

Deficit Impact:

11300000000

In the Department of Defense appropriations bill, an additional $13.6 billion in funding for unemployment insurance and benefits was included. The amendment included increased benefits and increased the number of weeks unemployed workers can be eligible for benefits by 20 weeks, from 79 to 99 weeks in the highest unemployment states. Unemployed workers are now eligible to receive 99 weeks of benefits beginning now through February 28, 2010.

Extended unemployment benefits were originally passed as part of the American Recovery and Reinvestment Act.

Source:

Department of Defense Appropriations Bill Summary

Conference Report on Amendments

Notes:

Estimates from CBO show a total cost of $11.3 billion for the increase in benefits.

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Worker, Homeownership, and Business Assistance Act

Jason Peuquet — Fri, 06 Nov 2009 21:58:22 +0000

Unemployment Rate

Date:

November 6, 2009

Who:

Dept. of Labor

Policy Area:

Fiscal Policy

Economic Target:

Other

Action Type:

Direct Spending

Maximum Amount:

2420000000

Amount Spent:

2420000000

Deficit Impact:

-158000000

This provision would further extend unemployment benefits under the stimulus act, allowing 14 additional weeks of collections across the board. In high unemployment states, this measure will provide 14 extra weeks of benefits for all individuals but 20 for those in the high unemployment states, bringing the total number of weeks to receive unemployment benefits from 59 to 79.

The provision was passed as part of the Worker, Homeownership, and Business Assistance Act of 2009 along with an expansion of net operating loss carryback rules and an extension of the homebuyer tax credit.

In total, the provision would cost $2.4 billion. This would be offset, however, through temporarily higher unemployment payroll taxes.

Source:

JCT: Worker, Homeownership, and Business Assistance Act of 2009

CBO: Worker, Homeownership, and Business Assistance Act of 2009

Notes:

Maximum amount and amount spent reflect projected cost - which will be spent in 2010. Deficit impact based on CBO calculation of ten-year deficit impact (http://finance.senate.gov/sitepages/leg/LEG%202009/103009_CBO_Estimates.pdf).

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Unemployment Trust Fund

Jason Peuquet — Mon, 24 Aug 2009 14:27:08 +0000

Unemployment Rate

Date:

August 7, 2009

Who:

Dept. of Labor

Policy Area:

Fiscal Policy

Economic Target:

Consumers

Action Type:

Direct Spending

Maximum Amount:

7500000000

Amount Spent:

7500000000

Deficit Impact:

The unemployment trust fund was a risk of running out of money in August 2009. The economic recession has fueled unemployment claims, depleting unemployment budgets in 18 states. With unemployment expected to remain high through the coming months, more states are expected to request loans from the federal unemployment trust fund. The law appropriates $7.5 billion to the unemployment trust fund.

Source:

White House Release

CBO Cost Estimate

Notes:

Amount spent reflects the total funds transferred into the unemployment trust fund, all of which the CBO expects the government to spend. Since the $7.5 billion addition by Congress from the general revenue of the Treasury to the trust fund is an intergovernmental transfer, the deficit impact is zero. Also, because states are required under law to cover all unemployment payments, those costs are already assumed under CBO's baseline projections. Thus, the $7.5 billion addition to the trust fund will not increase direct spending relative to the baseline.

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Extended Unemployment Insurance

suggp — Fri, 10 Jul 2009 19:45:38 +0000

Unemployment Rate

Date:

June 1, 2008

Who:

Dept. of Labor

Policy Area:

Fiscal Policy

Economic Target:

Consumers

Action Type:

Direct Spending

Maximum Amount:

12800000000

Amount Spent:

12800000000

Deficit Impact:

8500000000

Increase in funding for unemployment benefits and extension of emergency compensation through August 27, 2009.

Source:

Supplemental Appropriations Act of 2008

Notes:

Actual cost unavailable, amounts based on 2009 CBO estimates of related bill (http://www.cbo.gov/ftpdocs/91xx/doc9148/hr5749.pdf). Amount spend and maximum amount based upon cost for 2008 and 2009, deficit impact represents ten year cost.

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