Thank you for visiting SNEWPapers!
Sign up free
The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
President Kennedy's legislative team pushes for extension of unemployment benefits by mid-March, with House Ways and Means Committee hearings starting Feb. 15. Proposal revives benefits for 500,000+ exhausted claimants, funded by increased employer payroll tax from $3,000 to $4,800 base.
Clipping
OCR Quality
Full Text
WASHINGTON (AP) -- President Kennedy's legislative lieutenants are driving to put his plan for extension of unemployment compensation into effect by mid-March.
They were spurred yesterday by administration estimates that in the next five weeks the number of unemployed who have exhausted the benefits provided by present law will climb far above the present 500,000. Kennedy's proposal would revive weekly benefits for such persons, up to a maximum of 13 weeks.
The first part of the job is up to the House Ways and Means Committee. whose Democratic leaders hope to send the unemployment legislation to the House for action within a week after hearings begin Feb. 15.
Only the financing arrangements are expected to arouse much controversy at the hearings. Kennedy proposed that the federal government advance funds for the extra payments to all states which choose to participate.
Then the base of the tax on employers' payrolls would be increased from $3,000 to $4,800 maximum per employee. The increase, according to administration figures, would enable the states to repay within five years at the estimated $950 million cost of the program.
Some employers' spokesmen, however, are expected to protest the step-up of a tax which, unlike the Social Security levy, is not shared by employer and employee.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Washington
Event Date
Hearings Begin Feb. 15
Key Persons
Outcome
administration estimates unemployed exhausting benefits will exceed 500,000 in next five weeks; proposal revives up to 13 weeks benefits, financed by increasing employer payroll tax base from $3,000 to $4,800, costing $950 million repayable in five years; expected controversy over financing.
Event Details
President Kennedy's legislative lieutenants drive to enact unemployment compensation extension by mid-March, spurred by estimates of rising exhausted claimants. House Ways and Means Committee to hold hearings starting Feb. 15, aiming for House action soon after. Federal advances to participating states, repaid via higher payroll tax on employers.