Senate Passes $140 Billion Bill for Jobless Aid, Tax Breaks
Source:
The Hill (by Walter Alarkon)
- The Senate has approved to extended tax breaks and unemployment benefits, including a fix to Medicare payments for doctors.
- Most of the cost in the bill, which is said to be $140 billion, goes toward extending increased levels of federal unemployment aid and COBRA healthcare benefits for the jobless through the end of December.
- The bill extends the current rate of Medicare payments to doctors, who are scheduled to see a 21 percent rate cut, and extends a tax break for companies’ research and development costs.
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