Steven Senne, AP
WASHINGTON — More than 2,300 millionaire households received unemployment benefits in 2009, according to the Congressional Research Service.
“Sending millionaires unemployment checks is a case study in out-of-control spending,” U.S. Senator Tom Coburn, an Oklahoma Republican, told Bloomberg. “Providing welfare to the wealthy undermines the program for those who need it most while burdening future generations with senseless debt.”
Millionaire households make up just 0.02 to 0.03 percent of all tax filers that reported receiving unemployment in 2009, according to the report.
The Joint Committee on Taxation and the Congressional Budget Office estimate that cutting unemployment benefits for millionaires would save the government $20 million in 10 years, according to the Congressional Research Service.
Legislation restricting all unemployment benefits for millionaires has passed both houses of Congress and await the President’s signature, according to Bloomberg. There are currently no salary limits on who can collect unemployment.
- Feds: Utah companies accused of conducting...
- Mark Zuckerberg is taking two months...
- In time for the holidays, S.L. Comic Con...
- Yahoo's CEO is running out of time to turn...
- Salt Lake chef wins round in 'Holiday Baking...
- Dog blood bank in desperate need of 'canine...
- Man killed in Salt Lake industrial accident
- Giving back: Thousands of turkey dinners...
- Feds: Utah companies accused of... 21
- 5 ways you drive away millennial employees 14
- Pfizer, Allergan $160B deal forms... 6
- Utah liquor commission going slow on... 4
- 5 Utah E. coli cases linked to Costco... 2
- In time for the holidays, S.L. Comic... 2
- Yahoo's CEO is running out of time to... 1
- U.S. is the richest country, but... 1