The Tier 5 unemployment extension bill has been introduced by Debbie Stabenow (D-MI) and is known under its moniker of S3706. There are a lot of controversial elements to the bill, which would bring 20 weeks of benefits on top of the 99 available to those in the worst hit states.
The one thing that is great about S3706 is that it provides businesses with an incentive to hire people who have been unemployed during the long term. Certain tax credits available to businesses may make them decide to hire extra help, and hire those who have been unemployed.
There are many questions that need to be answered. How will we pay for the measure? Will it help the economy? Will it provide for economic and job growth?
The politics as usual will play a role in when or if this bill will pass. Keep an eye on this legislation and also the jobless reports as they roll out every week and month.