Congressional Democrats made their first proposal on one of the more contentious elements of the payroll tax cut package with an offer to trim maximum U.S. unemployment benefits by six weeks.
The plan offered to Republicans yesterday would end unemployment benefits after 93 weeks instead of the 99 weeks now available in states with the nation's highest jobless rates, according to a document explaining the proposal. Republicans have proposed reducing the expanded jobless benefits to 59 weeks.
If Congress doesn't act by Feb. 29, unemployment benefits would be cut to 26 weeks.
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