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The tax extenders bill would extend the filing deadline for existing tiers of unemployment benefits until November 30, 2010. COBRA health care subsidies for the unemployed would also be extended. Other provisions in the bill include an extension of the current rate of Medicare payments to doctors and dozens of targeted tax cuts. The total cost of the bill is estimated at $127 billion, with $43 billion of new revenue being raised by closing tax loopholes affecting wealthy individuals and corporations.
 
The Senate legislation would extend unemployment insurance benefits and eligibility for unemployment health care benefits through the end of 2010, including extending benefits retroactively so families would receive the benefits that were suspended when these programs expired on Feb. 28.
 
In addition to the unemployment extension, the $140 billion tax extenders package contains small-business tax breaks and closing certain tax loopholes for private wealth fund managers. 
 
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