Study: Unemployment insurance reform could spur job growth
According to the Tax Foundation study, Unemployment Insurance Taxes: Options for Program Design and Insolvent Trust Funds, 34 states have depleted their unemployment insurance reserves and been forced to borrow $37 billion from the federal government to pay their share of the benefits. Starting on Sept. 30, states must begin to pay over $1 billion in interest on those loans. In many cases, businesses and employees could be expected to pick up the tab for the interest payments.
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