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Stimulus requirements will hurt Virginia's business Date published: 4/8/2009
WHO SHOULD care about We want a business that will hire us, provide benefits, and provide raises when we do well. We also want other businesses to succeed so that we can change jobs when and if we wish to do so. But when Virginia's small business owners--like their colleagues nationwide--create about 70 percent In such difficult times, we all want an environment that encourages employers to start putting people back to work. Unfortunately, the federal government has passed legislation that entices states to make the cost of doing business even greater. The federal stimulus bill stipulates that in order to receive a portion of those temporary funds, state governments must permanently increase their unemployment payroll taxes. Will Virginia The American Recovery & Reinvestment Act of 2009 contains provisions designed to increase unemployment benefit payments. It also provides "incentives" for states to expand the number of individuals who qualify for unemployment. The "incentives" provision transfers $7 billion in federal unemployment tax funds to state accounts if states enact or already have certain state unemployment insurance laws in place. Of this amount, the Virginia Employment Commission estimates that Virginia could receive approximately $187.5 million if all the conditions are met. Virginia is already eligible to receive $62.5 million of that total. In order to receive the remaining two-thirds the General Assembly must expand state law by passing Provide benefits to former part-time workers who seek part-time work;
are quite indicative of the Pelosi/Reid school of political thought in Washington. This "school" teaches that it is the higher duty to advance the agenda of social democracy than it is to consider the greater benefit to all. It is truly "scary" to me that 53% of the American voters seem to support this political approach.
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