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Camp and Reichert Review “Temporary” Unemployment Insurance (UI) Program
Leaders Review Whether $600 Billion in UI Spending since 2008 Has Produced Promised Results
Washington, DC - June 30, 2013 marks the fifth anniversary of the Emergency Unemployment Compensation (EUC) program, the current “temporary” Federal unemployment benefits program created in June 2008 under the Supplemental Appropriations Act, P.L. 110-252. As that anniversary approaches, Ways and Means Committee Chairman Dave Camp (R-MI) and Ways and Means Human Resources Subcommittee Chairman Dave Reichert (R-WA) today released a review of data summarizing the impact of the program over its 5-year history. As the data indicates, the EUC program, which when combined with state benefits has cost taxpayers more than $600 billion since 2008, has fallen far short of Americans’ expectations.
Key data points include:
Chairman Reichert stated, “The nation’s UI program has helped millions of families temporarily make ends meet by providing weekly unemployment checks. That is critical in times of need, but as is the case with any taxpayer-funded program, Congress has a responsibility to evaluate the program to determine both whether it is meeting its intended purpose as well as whether there is a more efficient and effective way to achieve the program’s goals. As this data suggests, this program has spent a lot but has not yielded the results that were promised.”
Link to the 5-year review here.