Minnesota businesses face tax hike to plug $1 billion unemployment insurance gap

Name: Minnesota businesses face tax hike to plug $1 billion unemployment insurance gap
Uploaded: 2021-12-14T03:38:00Z
Duration: 2 min 29 s
Description: If state lawmakers don't act, companies will face an unemployment insurance tax hike of roughly 15 percent in April. Business groups and Republicans are calling for the state to use its $7.7 billion budget surplus to provide a tax break, while Democrats appear open to targeted relief.

If state lawmakers don't act, companies will face an unemployment insurance tax hike of roughly 15 percent in April. Business groups and Republicans are calling for the state to use its $7.7 billion budget surplus to provide a tax break, while Democrats appear open to targeted relief.

Posted December 13, 2021 9:38pm CST