Congress is doing what Congress does best and that is next to nothing. The Trade Adjustment Assistance Program officially met its fate this month after Congress failed to achieve an extension for the program entirely. On an annual basis the program helped more than 100,000 people. Many parts of this program typically supported elderly workers.
The TAA program typically provides job counseling, retraining for new careers or wage subsidies for older workers who take lower-paying jobs than what they’d previously earned. The best hope for the continuation of the program was the bill for semiconductor chips which is currently engulfed in debate among other things in Washington.
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