Article Image

IPFS News Link • TAXES: State

Obama to propose relief for states burdened by debt from unemployment benefits

• Washington Post
starting in 2014, Obama would target companies for sharply higher payroll taxes to help states replenish their depleted unemployment funds and repay their debts to Washington. The proposal was described by an administration source familiar with Obama's budget, speaking on condition of anonymity because the budget has not been released. At a time when Washington is grappling with its own record deficits,