Could a Tier 5 realistically be passed at this late date? The answer is yes. The House at present has the Bush tax cuts extension legislation at a standstill. There is talk among the Democrats of making alterations to the legislation and sending it back to the Senate. The changes they are considering are to the estate tax. They want to lower the rate exempt and increase the rate on that which is not exempt.
But what if on top of that change they also add a Tier 5 unemployment extension for six months. When the legislation went back to the Senate it would have to be voted on and those votes would be recorded. There is no doubt that a proposed Tier 5 extension being added would be all over the mainstream news. And every voting 99er would be watching. If the Senate dared vote the legislation down, the 99ers would make sure that those responsible would not be reelected to office in 2012.
Continue reading “Tier 5 Unemployment Extension Added to Bush Tax Cuts Legislation?”