NY’s Senator Schumer Calls for End to ‘Job-killing’ Insurance Fee

August 18, 2011

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.

Topics New York Talent

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