Contact Us

Tester Introduces Bill To End Unemployment For Millionaires

I actually find myself agreeing with Senator Tester on this one. I didn’t realize this was such a problem.

(U.S. SENATE) – Senator Jon Tester today introduced legislation to save taxpayer dollars by ending federal unemployment benefits for millionaires.

Tester’s bipartisan Ending Unemployment Payments to Millionaires Act would stop federal unemployment payments to Americans who earn at least $1 million per year.  The legislation is estimated to save taxpayers nearly $100 million.

“Especially during tough economic times, hardworking taxpayers shouldn’t be asked to write unemployment checks for folks fortunate enough to have seven-figure trust funds or real-estate investments,” said Tester, who teamed up with Republican Senator Tom Coburn of Oklahoma to introduce the legislation.  “Montanans know the value of a dollar, and they call this common sense.  And it’s one more step forward in my fight to keep saving taxpayer dollars and working across party lines to cut the national debt.”

In 2008, nearly 3,000 households that reported income of $1 million or more on their tax returns were paid a total of $18.6 million in unemployment benefits, according to the IRS.  More than 800 households earning over $2 million and 17 households with incomes exceeding $10 million received federal benefits.

Best of AM 1450 KMMS

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://kmmsam.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for The 1450 Delegation quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive The 1450 Delegation contests, events, coupons, presales, and much more delivered to you for FREE.