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Politics : President Barack Obama
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To: Gary Mohilner who wrote (54253)11/22/2009 10:05:42 PM
From: ChinuSFO  Read Replies (4) of 149317
 
To help with the unemployment situation, Obama needs to address the problems of small businesses. It is unthinkale that their unemplyment taxes would undergo a three fold increase. It was foolish for Bushh to give tax breaks when the nation is at war./ It is equally foolish, I think, for Obama to ignore the small businesses
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Rising unemployment taxes could hinder hiring
Businesses face rising unemployment insurance taxes as job market struggles to recover

By Christopher S. Rugaber, AP Economics Writer
On 1:20 pm EST, Sunday November 22, 2009

WASHINGTON (AP) -- As if small businesses needed another reason not to hire, consider their latest financial burden: The cost of rising unemployment itself.

Employers already are squeezed by tight credit, rising health care costs, wary consumers and a higher minimum wage. Now, the surging jobless rate is imposing another cost. It's forcing higher state taxes on companies to pay for unemployment insurance claims.

.....contd at finance.yahoo.com
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