Posted on 10/01/2021 11:21:26 PM PDT by blueplum
(CNN)The federal government picked up the cost of the unprecedented expansion of jobless benefits during the pandemic, but many states are still facing a hefty tab for their share of the program -- and tough decisions about how to cover the bill.
To avoid hiking taxes on employers, some states have opted to use billions of federal dollars they received in two congressional rescue packages to replenish their unemployment trust funds or repay the federal loans they took out. But others must decide whether to dip into the federal funds, hike taxes on employers or cut future benefits -- as some did after the Great Recession, leaving their jobless residents with a thinner safety net. At least one state is increasing the levy on employers.
(Excerpt) Read more at cnn.com ...
They aren’t repaying Uncle Sam, they are repaying US!!!! We are the source of all the money. Effing MSM.
ALL Small businesses are already paying into extended unemployment benefit taxes, when does this sh## end , when your out of business and the provisions within the 3 trillion dollar infrastructure bill will finance the inequity crowd to replace your small business that was put out of business by your government. Treasury secretary yellan said it again, covid was a god send because it eliminated many businesses that will now be owned and operated by those of color and gender funded by government. When do we fight back
Unclear on the concept, the borrower is the slave of the lender.
Only a few months from now, after the Dims push through their mega-bill, the feds will announce those loans “forgiven”.
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