Thursday, May 30, 2013

State Republicans No Longer Protect Taxpayers, Soak ‘em for $26 Million paying Employers interest on Unemployment. Oh, and it gets worse…

The great protectors of taxpayer money just decided to give some of that money to help private companies pay interest on their unemployment accounts.

First, will anyone ask our sneaky Republicans why the “job creators” need public welfare? And second, unemployment is their business responsibility, not ours.

Teabillies won’t notice this until next year, and radio propagandists Charlie Sykes and Mark Belling will keep up their distraction campaign.

This is almost too hard to believe:
jsonline: Under changes to the state's unemployment insurance system adopted by the Legislature's budget committee Wednesday, taxpayers would spend $26 million over two years to prop up the unemployment fund, To avoid having employers face new assessments this year, the committee voted to use $26 million in general tax dollars to pay down interest on that loan.
Think that’s bad? Taxpayers will be used to scam the federal government. Republican will borrow our hard earned taxpayer dollars to shore up the unemployment fund so the fed won’t raise taxes on EMPLOYERS, the ones who actually fund the account. This is actual fascism:
Additionally, the committee proposal would allow the state Department of Administration to lend up to $50 million in taxpayer money to the unemployment insurance fund. That loan would help the state ensure that the unemployment fund has a positive balance in 2014, which in turn would keep the federal government from raising taxes on employers by $191 million in 2015.
 Again, taxpayers are paying the states private employers interest on unemployment, and loaning private employers money, so the fed won't raise taxes on them for under funding unemployment.

1 comment:

LarryStCroix said...

UNbelievable - can you spell overreach?