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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (458702)	2/23/2009 10:45:29 AM
From: Alighieri	Read Replies (2) of 1576582

From Jindal's own web site... State Will Not Use Provision that will Ultimately Increase Taxes on Businesses The Governor said the state will not use a portion of the stimulus package that requires the state to change its law to expand unemployment insurance (UI) coverage to qualify for up to $32.8 million of the federal stimulus funding because it ultimately would result in a tax increase on Louisiana businesses. Qualifying for the $32.8 million provision is a precondition for being considered for another $65.6 million of federal unemployment insurance funds in the federal package, which would also require permanent changes to Louisiana law and additional annual spending. Nothing to do with current tax law...it is infact a contention of Jindal that the stimulus bill requires that the changes that expand the pool of beneficiaries requires permanent changes in the state's benefit rules. But the governor's own web site also says this... Provision to Increase Unemployment Benefits $25 a Week The additional $25 a week for unemployment benefits provided in the federal legislation the Governor announced that the state will accept is set to take effect beginning with people already receiving benefits in the last week of February. They will be paid beginning in March, once the state’s unemployment insurance computer systems are reprogrammed. Contrary to the provision that would increase taxes on Louisiana businesses, this provision of the bill is fully funded by the federal government in the stimulus package. The Louisiana Workforce Commission, which administers unemployment insurance, estimates these payments will result in approximately $71 million flowing to Louisiana’s unemployed workers through May 2010, when the program ends. I have read that it is not clear why the governor thinks that these changes are permanent. I am very interested in understanding who is right on this one. Al

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