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If Texas would change the way it calculates when a person is eligible for unemployment insurance, it would be eligible for $185 million in unemployment benefits.
By making that change, Texas becomes eligible for an additional $385 million in unemployment insurance. Fail to do either and Texas forfeits the $555 million...
Because of an impending shortfall of $812 mllion shortfall, in the unemployment insurance fund, Texas businesses will have to pay an additional $294 million to make up for the deficit, if it takes the stimulus. If Texas rejects the unemployment stimulus it will have to pay $935 million!
So what's a Governor to do?
Gov. Rick Perry today stood with Texas employers and the millions of Texans they employ to resist further government intrusion into their business through an expansion of our state’s unemployment insurance program.What?!“Texans who hire Texans drive our state’s economic engine. During these tough times, Texas employers are working harder than ever to move products to market, make payroll and create jobs. The last thing they need is government burdening them with higher taxes and expanded obligations,” Gov. Perry said.
“I am here today to stand with Texas employers and the millions of Texans they employ to resist further government intrusion into their businesses through an expansion of our state’s unemployment insurance program.”
Published March 13, 2009 by Gerald Britt |
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| Tags:
Economy
Public Policy
Recession
Rick Perry
State Government
Texas
Unemployment
