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Mon Jun 10, 2019, 10:39 AM

Indiana mulls $1 billion tax hike for unemployment fund

INDIANAPOLIS Gov. Eric Holcomb is pushing for an increase in business taxes to provide $1 billion more for Indiana's unemployment trust fund.

The proposed 17% increase would bring premiums paid by companies to a level recommended by the federal government, The Journal Gazette reported.

But key business groups urged lawmakers to weigh the impact of raising premiums against socking money away in the fund, which is used to pay unemployment checks when the jobless rate is high.

"How much money do you take out of the economy and just have it sitting on the sidelines when that money could be invested and creating jobs?" asked Brian Burton, president and CEO of the Indiana Manufacturers Association. "It's a fine balance."

Read more: https://www.nwitimes.com/news/state-and-regional/govt-and-politics/indiana-mulls-billion-tax-hike-for-unemployment-fund/article_a1219bee-d52e-5501-84c2-c143a07ad4d1.html
(Northwest Indiana Times)

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Reply Indiana mulls $1 billion tax hike for unemployment fund (Original post)
TexasTowelie Jun 2019 OP
Tobin S. Jun 2019 #1
Wellstone ruled Jun 2019 #2
Tobin S. Jun 2019 #3
Wellstone ruled Jun 2019 #4

Response to TexasTowelie (Original post)

Mon Jun 10, 2019, 12:23 PM

1. Regarding the quote you have posted...

Enacting a law to raise taxes and then implementing it and then raising the funds takes time. Do you wait until there is a recession to shore up the fund? How long will some people have to wait for benefits until they get the ball rolling? If an economic downturn is serious enough will it even be possible to raise the money then?

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Response to Tobin S. (Reply #1)

Mon Jun 10, 2019, 12:31 PM

2. So Indianna is

about to hit the wall financially . Thought Ponzi Don and Mikey Pence promised that State tons of Jobs. Oh I forgot,just another lie.

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Response to Wellstone ruled (Reply #2)

Mon Jun 10, 2019, 12:37 PM

3. Yep, just another lie.

But a majority here will probably still vote for them in 2020. I don't know how Obama won here in 2008. Must be a testimony to just how special he was.

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Response to Tobin S. (Reply #3)

Mon Jun 10, 2019, 01:12 PM

4. Feel for your

predicament,as long as they the voters can take away a Female's rights,all is well. Pass the plate,Preacher needs a new Airplane.

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