Bill to shield retired miners divides coal-state Republicans
Source: Associated Press
Bill to shield retired miners divides coal-state Republicans
Sep 5, 4:52 PM EDT
By MATTHEW DALY
Associated Press
WASHINGTON (AP) -- An election-year bill to fulfill a 70-year-old government promise and protect health-care and pension benefits for retired miners is dividing coal-state Republicans, pitting endangered incumbents against GOP leaders wary of bailing out union workers.
Retirement and health-care funds currently support about 120,000 former miners and their families nationwide. But account balances have dwindled amid continued layoffs and bankruptcy filings as the coal industry struggles against competition from cheaper natural gas and tightening environmental regulations.
The bill would ensure that retired miners receive hundreds of millions of dollars in benefits now at risk amid the industry's steep decline. Without congressional intervention, some of the funds could run out of cash by next year, according to the United Mine Workers of America.
"These folks spent their whole lives going underground and mining the coal that made this country what it is today. They energized this nation for decades and through today," said Phil Smith, a spokesman for the UMW, which has pushed for the bill.
Read more: http://hosted.ap.org/dynamic/stories/U/US_CONGRESS_COAL_MINERS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-09-05-16-40-47
Cryptoad
(8,254 posts)decision to ride the GOP horse was not the wisest one, heh?
safeinOhio
(32,713 posts)Drill here drill now. Price of natural gas killed coal.
Maddchick
(38 posts)This was a promise made to these men and their families after engaging in some of the dirtiest work in the world.
One golden parachute payment for coal company executives who bailed out by bankruptcy would pay the benefits for one year.
Do these people even understand who is screwing them over? Do they understand that the GOP would all vote to not help them if it were not for an election in November?
Hillary and company need to get right on this now and promise to do everything possible to get Congress to save their benefits even if it means taking money away from fracking!