Thune Bill Provides Incentive to Hire Long-Term Unemployed Americans
WASHINGTON, D.C.—U.S. Senator John Thune (R-S.D.) today introduced S. 38, the Helping Individuals Regain Employment Act (HIRE Act), a bill that would provide an incentive for employers to hire long-term unemployed Americans by permanently exempting those employees from the government-mandated ObamaCare employee count.
“The HIRE Act is a win-win for employers and long-term unemployed Americans who continue to feel the pain from ObamaCare and six years of President Obama’s failed economic policies,” said Thune. “Congress should be doing all it can to enact policies that help unemployed Americans find good-paying jobs, and ObamaCare shouldn’t stand in the way.”
Under ObamaCare, any business with 100 or more full-time employees must provide government-approved insurance or pay a fine in 2015. Beginning in 2016, any business with 50 or more full-time employees must comply with the mandate.
According to the Bureau of Labor and Statistics, there are 9.1 million unemployed Americans, of which 2.8 million have been unemployed for 27 or more weeks. While the official unemployment rate is 5.8 percent, the “real” unemployment rate, which considers the number of people who have stopped looking for work, is 11.4 percent.
The HIRE Act was originally included in Thune’s “Good Jobs, Good Wages, Good Hours Act,” which he introduced last year as an alternative to the unemployment insurance extension bill.