Recently, the Minnesota Senate passed a bill providing the $2.73 billion needed to restore the Unemployment Insurance Trust Fund by March 15. Now, the House needs to quickly pass the bill or employers will see UI payroll taxes skyrocket.
On Monday, the state announced that the budget surplus grew to a historic $9.25 billion. It’s common sense that the state should prevent this $2.7 billion tax increase on businesses struggling from rising inflation, a worsening workforce crisis, supply chain disruptions and more. The clock is ticking. The House has just two weeks to act before Minnesota employers are hit with this $2.7 billion payroll tax increase. Today’s news of the largest surplus in state history makes repaying the Unemployment Insurance debt that much easier. The governor supports this move. The Senate has already passed its bill. The House needs to do the same now.
Now’s the time to contact your House representatives and urge them to support the passage of the Senate’s UI Trust Fund fix legislation before the March 15 deadline. PLEASE contact your representatives today!