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Friday s Daily Pulse | 12/18/2020
Florida lawmakers may weigh cutting unemployment taxes for businesses, putting workers at risk
Much like they did during the recovery from the Great Recession, Florida lawmakers could soon face deciding whether to cut unemployment taxes a move that would help struggling businesses but could also leave the state without enough money to get benefits to workers who’ve lost jobs. Under state law, unemployment taxes are set to automatically increase Jan. 1 to replenish the trust fund that finances Florida’s unemployment system. Although Florida pays some of the lowest unemployment benefits in the nation, a maximum of $275 per week, that fund is rapidly drying up amid the mass layoffs spurred by the coronavirus pandemic. [Source: Orlando Sentinel]
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