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Politics : The Donald Trump Presidency

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GROUND ZERO™

Thehammer

To: GROUND ZERO™ who wrote (59037)	11/22/2024 12:03:16 AM
From: FJB	2 Recommendations of 73904

'The Golden State, is eating its Golden Geese' California Defaults on Loan: Businesses Stuck With The Tab We just ran payroll. The payroll taxes were 2K higher than calculated. We called the payroll company. They explained (in summary) that California has a budget shortfall, and the federal government wants money back that it lent California for UI that it "lost." They are making up for it by having business owners pay it. Keep in mind that it was around 10% of our total payroll. When people say, "Why isn't California business-friendly?" remember this. We just ran payroll. The payroll taxes were 2K higher than calculated. We called the payroll company. They explained (in summary) that California has a budget shortfall, and the federal government wants money back that it lent California for UI that it "lost." They are making up… — Chef Andrew Gruel (@ChefGruel) November 20, 2024 Yup, state defaulted on their loan and the businesses were the co-signers (unknowingly). — Chef Andrew Gruel (@ChefGruel) November 21, 2024

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