Wednesday, December 8, 2010

Small-Biz Killers: Who Pays for Jobless Benefits? - Michelle Malkin - Townhall Conservative

Small-Biz Killers: Who Pays for Jobless Benefits? - Michelle Malkin - Townhall Conservative: "There is no such thing as a 'free' government benefit. Ask small-business owners who are footing skyrocketing bills for bottomless jobless benefits. 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 -- and whether they can survive.

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.

State unemployment benefits last up to 26 weeks. Bipartisan-supported Washington mandates have raised that to 99 weeks. The current proposal would raise the total to 155 weeks. 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. (At the federal level, employers must pay 6.2 percent of the first $7,000 of income to keep the system afloat.)"

See original work for more on this and other stories.

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