Unemployment Insurance Tax Relief Struck Down

July 6, 2022 | njtvonline.org

The business community is sounding off, after fighting for a year to avoid an unemployment insurance tax increase and seeing their efforts fall short as legislators nixed a budget bill to offset the tax hike. Now business leaders are pressing lawmakers to deliver relief elsewhere, even as the first payments come due.

NJ SEED: Failing to pass legislation to provide relief to small businesses trying to recover from government ordered shutdowns during the pandemic is a real blow. The promise of “Maybe in September” is of little solace to businesses and their employees hit with the higher tax in July.