Thursday, April 15, 2010
Unemployment Bill Fails To Get Senate Vote
KENTUCKY....
Since January 2009, Kentucky has had to borrow several hundred billion dollars from the federal government to pay unemployment claims, while the state must repay the money, plus 4.6 percent interest. House Bill 349 would fix the Unemployment Insurance Trust Fund, which faces a nearly $732 million deficit, by reducing unemployment benefits and increasing taxes on employers. Supported by unions and the Kentucky Chamber of Commerce, the measure passed the House in February but was never called for a vote in the Senate. Senate President David Williams said the Senate was concerned about the portion of the bill that raises taxes while many of the provisions did not take effect until 2011. Governor Steve Beshear says there is no good explanation why the Senate failed to pass the measure.
Since January 2009, Kentucky has had to borrow several hundred billion dollars from the federal government to pay unemployment claims, while the state must repay the money, plus 4.6 percent interest. House Bill 349 would fix the Unemployment Insurance Trust Fund, which faces a nearly $732 million deficit, by reducing unemployment benefits and increasing taxes on employers. Supported by unions and the Kentucky Chamber of Commerce, the measure passed the House in February but was never called for a vote in the Senate. Senate President David Williams said the Senate was concerned about the portion of the bill that raises taxes while many of the provisions did not take effect until 2011. Governor Steve Beshear says there is no good explanation why the Senate failed to pass the measure.
# posted by Homer Owens @ 10:34 PM 
