Who Pays for Unemployment Benefits?

From Michelle Malkin

While politicians in Washington negotiate a deal to provide welcome temporary payroll-, income-, and estate-tax relief to America’s workers, struggling employers wonder how long they’ll have to pay for the compassion of others. Who pays? Dentists, tavern owners, maid services, mom-and-pop shops — small businesses that are the backbone of the American economy.

The Beltway deal hinges on extending federal unemployment insurance for another 13 months. This would mark the sixth time that the deadline has been extended since June 2008… The cost of the joint federal-state program is borne by employers, who pay state and federal taxes on a portion of wages paid to each employee in a calendar year… small and mid-size firms have been saddled with eye-popping unemployment-insurance bills that have doubled, tripled, and more in the past year… bankrupt state unemployment-insurance funds are now borrowing money from the feds, whose own regular unemployment-benefits account and extended-benefits account are both in the red…

Read the entire article here:  Small biz killers

DJH

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One Response to “Who Pays for Unemployment Benefits?”

  1. Who Pays for Unemployment Benefits? « Thomas Jefferson Club Blog | The Daily Conservative Says:

    […] post: Who Pays for Unemployment Benefits? « Thomas Jefferson Club Blog Share and […]

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