Sen. Charles Schumer is calling for an end to a new government surcharge that amounts to roughly $20 per worker for New York businesses.
The Rochester Democrat and Chronicle reported that Schumer called the surcharge an example of “job-killing taxes.”
He was in Rochester on Tuesday at American Aerogel, a maker of thermal insulation.
Schumer was talking about the no-interest loans the federal government began providing in 2009 to state unemployment insurance funds. Congress didn’t extend the interest-free provision, meaning states now are having to institute new fees on employers to pay interest on the borrowed money.
Schumer said that amounts to about $95 million a year being levied on New York companies.
Was this article valuable?
Here are more articles you may enjoy.
Why New York’s Attorney General Objects to Trump’s Bond Insurer 
Investment Funds File New Suits Over Lighthouse Insurance Collapse in 2022 
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M 
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
