Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Politics & Government


Our network sites seattletimes.com | Advanced

Politics Northwest

The Seattle Times political team explores state, regional and local politics.

RSS feeds Subscribe | Blog Home

February 12, 2009 9:35 AM

Senate passes tax break and boost to unemployment benefits

Posted by Andrew Garber

The state Senate this morning passed bills that would boost unemployment benefits and give small businesses a tax break if they create new jobs.

Senate bill 1906 would give the state's unemployed an extra $45 each week. Gov. Chris Gregoire and House Democrats support the move.

The measure, which supporters say will stimulate the economy by tapping into the state's flush unemployment-insurance fund, received a vote of 43-4. The bill proposes taking $193 million from the $4 billion trust fund over the next year to give unemployed workers much needed cash as early as May 3, raising the minimum weekly payment amount to $200 and the maximum to $586.

Sen. Jeanne Kohl-Welles, D-Seattle, sponsored the bill and told fellow lawmakers the proposal will "put money directly in the pockets of those who need it."

Senate Minority Leader Mike Hewitt, R-Walla Walla, voted against the measure because he believes it is unwise to draw down the fund without knowing how long the recession will last.

The tax break for businesses, Senate bill 5899, would provide credits to small companies that employee up to 10 people, if they create new jobs.

Specifically, the bill would provide a $2,000 tax credit for the creation of jobs that pay wages and benefits between $27,000 and $40,000. And $4,000 credits for jobs with pay and benefits exceeding $40,000. The bill also requires companies to offer a health-care plan. The bill caps the hit to the state treasury at $5 million per year.

Both bills now go to the House for consideration.

Digg Digg | Newsvine Newsvine

Comments
No comments have been posted to this article.

Advertising

Marketplace

Advertising

 
Most read
Most commented
Most e-mailed
 
 

Most viewed imagesMore

Advertising

Categories
Calendar

May

Sun Mon Tue Wed Thu Fri Sat
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31            
Browse the archives

May 2009

April 2009

March 2009

February 2009

January 2009

November 2008

Contributors

Andrew Garber
Covers politics and state government from Olympia.

Jennifer Sullivan
Covers the state Legislature from Olympia.

Chantal Anderson
Covers the state Legislature from Olympia.

Emily Heffter
Writes about the city of Seattle and local politics.

Mike Lindblom
Covers transportation.

Jim Brunner
Writes about money and power from Seattle.