Tom Sheehy, Principal and Founder of the Sheehy Strategy Group, recently sat down with GovReport’s Christina Gagnier to discuss California’s massive unemployment insurance (UI) debt and possible solutions.
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The California State Legislature has rejected efforts to pay down even the smallest amount of its unemployment insurance debt. California owes billions and businesses could soon be on the hook.
Read MoreDid you know CA borrowed over $21 billion from the fed government to backfill the unemployment insurance fund during the pandemic? If those funds are not repaid, every employer in the state will face automatic tax increases.
Read MoreAt the start of the pandemic, California’s unemployment insurance fund did its job, softening the blow of job losses suffered by millions of workers—but COVID completely wiped the fund out. In order to provide unemployment benefits after the UI fund was emptied, California borrowed over $21 billion from the federal government. Now, California is faced with a dilemma: pay back the debt or steeply raise taxes on employers.
Read MoreIs telecommuting our new normal? This practice has been a lifesaver during COVID times, but if it’s here to stay, California needs to adopt some common-sense labor reforms.
Read MoreEmergency pandemic regulations may be necessary, but public input is vital. Cal-OSHA regulations outlining how to handle COVID-19 in the workplace are causing many problems for California businesses. Learn more about what Cal-OSHA is asking of business owners.
Read MoreLobbying in the COVID environment is a very different proposition than in pre-pandemic days. Does your your government affairs firm know how to get results during lock downs?
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