Daily Archives: March 12, 2010

Friday, March 12, 2010 US Senate Finance Committee Chairman Max Baucus (D – Mont.) has applauded the Senate’s passage of legislation to extend tax cuts, unemployment insurance benefits and eligibility for unemployment benefits and health care for unemployed workers through the end of 2010. The American Workers, State and Business Relief Act, introduced by Baucus last week and passed by the Senate on March 10, extends unemployment insurance benefits and eligibility for the 65% COBRA health care tax credit through December 31, 2010. The COBRA tax credit helps workers who have lost their jobs continue to afford health insurance through the Consolidated Omnibus Budget Reconciliation Act. The legislation also retroactively extends tax cuts for middle‐class families and businesses that expired at the end of 2009, including, for businesses:

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