today I voted to prevent a tax increase on the middle class and to continue jobless benefits for millions of Americans and thousands of Rhode Islanders. Unfortunately, despite my and many of my colleagues' best efforts, this bill is deeply flawed. It doesn't provide needed certainty to Americans or to our economy because it does not provide a year-long extension of the payroll tax cut and jobless benefits, nor does it include needed reforms, like work sharing, which will help prevent layoffs in our still fragile economy. By insisting that jobless benefits be paid for, we are undermining the countercyclical nature of the program and blunting its purpose to stabilize our economy. But worst of all, it fails to address a provision of the unemployment insurance law that is absolutely necessary given our current employment crisis. As a result, this bill effectively cuts 20 weeks of unemployment benefits. This means Rhode Islanders who have exhausted their normal UI benefits and extended--EUC08--benefits in February will not be eligible to receive the same help that was given to an unemployed person in the same situation back in the middle of 2011. There is no reason to cut back on jobless benefits now. Over 13 million Americans are out of work, and our Nation is still grappling with the worst case of chronic long-term unemployment since the Great Depression.…
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