Congresswoman Ileana Ros-Lehtinen, a senior member of the Florida Congressional Delegation, voted today, Thursday, to extend unemployment compensation for an additional 14 weeks and 20 weeks for states where the jobless rate is 8.5% or higher, such as in Florida. Ileana also voted to extend federal unemployment benefits when it came up before the House this past September.
This legislation is the Senate version approved by the full Senate yesterday, Wednesday, and it also includes an extension of the housing tax credit, and includes a new $6500 credit for homebuyers who have lived in their homes for five years. This Senate approved bill would also allow businesses that have incurred losses in 2008 and 2009 to seek refunds for taxes paid on profits over the past five years.
Said Ros-Lehtinen, "I am not a fan of big government intervention to fix our economy but we are living under very difficult economic times and the American people are hurting under the weight of the worst recession in 70 years. Therefore, the federal government has a responsibility to use every tool at its disposal to help our struggling families.
This legislation extends the wildly successful first time homebuyers credit and adds a new credit for persons living a minimum of five years in their homes and who are looking to purchase a second home. The pro small business provisions in the legislation are also beneficial to our struggling small business owners. In short, this is a good bill when one considers the many stressors that are still hindering our economic recovery."