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(WHNT Huntsville)   Alabama doubles unemployment taxes on businesses due to COVID pandemic. If federal CARES Act funding hadn't been enacted, those taxes would have raised 500%   (whnt.com) divider line
    More: Obvious, Employment, Finance, Alabama Department of Labor, end of January, rate employers, employer charges, kind of action, pandemic related claims  
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357 clicks; posted to Business » on 27 Jan 2021 at 12:20 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



3 Comments     (+0 »)
 
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2021-01-27 12:52:35 PM  
Well, it will certainly be interesting to see how much blood they can get from this particular stone.
 
2021-01-27 1:53:09 PM  
Unemployment tax is AL was already a joke. Wa state tripled I think. As it should. The expense went through the roof, therefore...

Seems like reasonable people, even those who want govt run like a business, could agree that when payouts exceed premiums collected you have to raise premiums. Kind of like every insurance product ever.
 
2021-01-27 9:22:23 PM  
Why Alabama? WHY? Bow to your Republican supply side masters! Just eliminate unemployment insurance, tell people to pull on their bootstraps! The market will respond and unemployment will nearly disappear!
 
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