Unemployment taxes are going to be on the rise for many states as they seek to refill their unemployment trust funds that have been exhausted by the rising levels of unemployment over the last year or so. People worry that higher unemployment taxes will only add to the unemployment problem, as employers are unwilling to hire new workers when there are more taxes on their current workers.
Businesses that may be considering hiring new workers will certainly be put off by a higher tax and if this higher tax keeps more people unemployed then the whole unemployment problem will be stuck in a cycle.
However, workers are wondering what happened to the money paid into unemployment while they were working. Many politicians and critics are unhappy with constant unemployment extensions, but there is little options for those unable to find a job and depending on unemployment benefits just to stay afloat.
People who have worked for decades and found themselves without a job are wondering why they have to fight so hard for unemployment benefits to be extended during such a difficult time for job seekers.
If unemployment taxes on each employee were paid into the unemployment insurance system and now some, or even the majority of those employees are suffering in a terrible job market, why do they even have to worry about extensions?
Ninety-nine weeks seems to be the very best scenario for someone on unemployment and when people think of an individual getting a little over a year of unemployment benefits they are outraged, but what about the worker who paid into the unemployment system for those decades of work?
Yes, higher unemployment taxes could hurt businesses and hinder hiring new workers, which will only stall improvement in the job market. However, with such a strain on the unemployment benefits system said to be caused by so many people who have actually worked all their lives now needing money, shouldn’t we reevaluate the system?
Some individuals do take advantage of the system but the vast majority of men and women, who have worked all their lives shouldn’t have to worry about their income from unemployment should they?
Someone who pays unemployment taxes for 30 years or more and now is getting called out for, at the very best, getting a year’s worth of help just doesn’t seem right to many people around the nation.
What is your opinion on this issue?
