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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (458562)2/22/2009 3:28:41 PM
From: i-node  Read Replies (1) of 1577731
 
he said that it requires the state to continue the extended benefits after the federal money is gone. Mary Landrieu said that it is not so. Who is right?

He is right. She is wrong. Of course.

After all, Jindal read the legislation. Landrieu did not.

FUTA and SUTA taxes are inextricably linked. There is no free ride.

The bill requires a permanent change in the SUTA law going forward which will cost employers money and therefore be counterproductive in producing new jobs.

When a company hires someone they are committed to paying between 2.7% and 6.2% of the employee's wages, up to the states wage base, into the unemployment insurance fund. This is a huge tax against employers which will prevent them from hiring people.

When you increase that tax you create a huge incentive to avoid hiring people.
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