This past Saturday, the Nevada Senate approved new legislations that would keep payroll tax cuts from increasing and ensure that unemployment insurance does not expire at the end of the year. While the passing of the legislation is good news for the unemployed and employed alike, the Senate will be paying for a two-month extension for the insurance program, which will translate into higher prices for those looking to buy or refinance their homes. The bill establishes a new mortgage insurance fee, which is essentially an extra $15 monthly fee…
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Kentucky lawmakers scramble for special session to solve the looming unemployment insurance crisis
Kentucky’s Governor, Steve Beshear, is calling for a special session of the state’s Legislature. The move is prompted by Senate President David Williams, who says that the session is needed to find a solution for the state’s looming unemployment insurance problem. While the state has done well this fiscal year – puling in $121 million in surplus – there have been problems with the unemployment benefits budget. If lawmakers cannot fix the problem with the state’s unemployment insurance program, it could lose out on $640 million in federal tax credits.…
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