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bitmasher's picture
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Location: Colorado
Joined: 02/27/2002
Posts: 2973
Back Door Tax on Employment

Well I guess this was coming, unemployment benefits have gotten extended and extended some more over the last few years, ripping a big hole in state and federal unemployment insurance budgets.  The Fed steps in and says "Hey we'll lend the states money to pay their unemployment roles".  Well now they can't pay or won't be able to for awhile, so now the talk is on to increase the unemployment withholdings some more. 

http://online.wsj.com/article/SB1000142405274870331330457613267055424227...

expatriate's picture
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Location: Arizona
Joined: 10/26/2002
Posts: 3206
Back Door Tax on Employment

What a scam...it's like a loan shark forcing you to spend money so you have to borrow from him.  And knowing this administration, there will be strings attached.  The feds have used highway dollars to extort everything from speed limits to seatbelts to drinking ages.  So I can only imagine what's going to happen when the other shoe drops and states find themselves in debt to the Godfather.  This looks to me like an effort to bring states under federal control and reduce their governments to puppet status.

hunter25's picture
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Location: Colorado western slope
Joined: 11/13/2009
Posts: 3013
Tax tax tax it makes me

Tax tax tax it makes me crazy.

Funny thing is though that no matter how much I hear people complain as soon as they put a another tax increase on the ballot here the majority happily votes it in.

expatriate's picture
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Location: Arizona
Joined: 10/26/2002
Posts: 3206
Back Door Tax on Employment

Alexis deToqueville once warned that American democracy would last only until half the population realized that it could live off of the other half.  People vote for tax increases because they believe that that they'll get the benefit while someone else pays the tax.

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