By Mario Trujillo - 12/31/13 12:14 PM EST
Sen. Bob Casey Jr. (D-Pa.) on Tuesday said Congress should find a way to offset the cost of renewing federal unemployment benefits.
“I think we can find an offset and we should,” Casey said Tuesday on MSNBC. “As you know, we went a lot of years in this country providing unemployment compensation without an offset. But if that is what it takes to get it done, then I think we can get that done.”
While some Republicans have called for an end to the long-term benefits, Speaker John Boehner (R-Ohio) has not taken a firm position on extending the program. The GOP has indicated that any deal to extend the program would need to be offset.
The price tag for a yearlong extension of the aid is $26 billion.
Casey said closing loopholes in the tax code is a ripe target for finding offsets to fund the program.