Friday, February 24, 2012

President Signs Unemployment Insurance/Payroll Tax Extension

On February 22nd, the President signed The Middle Class Tax Relief and Job Creation Act of 2012 (H.R. 3630) to extend the emergency jobless benefits and the Social Security payroll tax cut through the end of the year. Specifically, the new law extends the Emergency Unemployment Compensation (EUC) program and 100% federal financing of the Extended Benefits (EB) program until December 31, 2012. 

Among other provisions, the law also reauthorizes the Temporary Assistance for Needy Families (TANF) block grant and related programs through September 30, 2012, and it includes a mandate for data exchange standardization.

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