The unemployment extension aka Tier 5 isn't available, and although Congress will reconvene in less than a week, the Tier 4 unemployment extension and job creation isn't first and foremost on the minds of those in Congress.Why not?
Probably because all the wealthy people who donated to the campaigns of the lawmakers are concerned about the expiration of the Bush Tax Cuts, which would send tax revenues skyrocketing.
However, the new administration promised in the "Pledge to America" that the tax cuts would be extended to all - not just the middle class.
The standoff could end soon between the Democrats and Republicans, as Democrats could trade lowering government spending to extend unemployment benefits that are expiring at the end of the month.
Perhaps if the Democrats give the Republicans the Bush Tax Cuts extension, they will get the Tier 5 in return?
Wishful thinking.
What do you think? Are the priorities in Washington going to change? Do you think the new administration will bring the Tier 5 unemployment extension?
