2010 unemployment extension is the hot political topic of the day. The unemployment extension 2010 benefits bill has led to a political blame game that is really taking over Capital Hill. Of course, you have Republicans blaming Democrats and vice versa but there are some key players that are getting blamed for the mess.
Senate Majority Leader Harry Reid voted against the unemployment extension. Before you get up in arms, it was because he has to vote against a failing measure if he wants it to be able to be brought back up. The final vote of 58-38 represents an actual vote of 59-38, as Reid is for the bill.
However, Reid is getting blamed for the failure to pass the bill. A Republican Senator offered to vote for the bill if compromises were made. Among the compromises was to have at least half the bill paid for via unused stimulus funds. Reid didn't make any compromises.
The standoff isn't over the issue of unemployment extensions - it's over funding. Republicans don't want the tax hikes that will affect small businesses and investment fund managers - they also don't want to add to deficit spending.
Democrats want to fund the measure using deficit spending and tax hikes. The tax hikes include requiring certain S-Corporations to pay self employment taxes on 100% of their taxable income - not just owner draws. It also increases taxation of investment fund managers and oil companies.
Once a replacement for Robert Byrd is found, it's said that the measure will pass. Until then, Americans will be sitting back waiting to see what is going on and if the unemployment extension will ever pass.