Senator Greenstein Urges Governor to Use Federal Funds to Offset Unemployment Insurance coverage Tax Hike
Cranbury, NJ – Senator Greenstein immediately despatched the next letter to Governor Phil Murphy urging him to make the most of a portion of New Jersey’s federal aid funds to assist offset the Unemployment Insurance coverage tax hike. Learn the letter in full beneath:
Pricey Governor Murphy,
Because the State Senator of the 14th Legislative District, I’m writing to you to respectfully request that you simply allocate a portion of New Jersey’s federal aid funds to offset the $250 million Unemployment Insurance coverage tax hike that New Jersey companies will face within the coming months.
The New Jersey Division of Labor introduced a rise within the unemployment insurance coverage tax that companies pays come October 1st. Companies within the state are at a essential juncture as they attempt to get well from the impacts of the COVID-19 Pandemic. This tax improve solely makes their restoration that rather more troublesome.
The American Rescue Plan was enacted to assist State and Native governments get well from the financial and well being results of the COVID-19 pandemic. A rise within the unemployment insurance coverage tax definitely qualifies as a damaging financial affect as a result of pandemic. Due to this fact, these funds needs to be used to offset this improve on our companies. Different states have used federal funds to replenish unemployment, and I hope that New Jersey will comply with their steps and do the identical to keep away from an premature burden on our companies.
My workplace is way too conversant in the unemployment disaster that’s occurring in our state. We have now had over 1500 constituents attain out to our workplace needing help to get the unemployment that they depend on. Nevertheless, pushing the burden onto companies to fund the rise in unemployment as a substitute of utilizing funds that had been created for this objective, may lead to a catastrophe for already struggling companies.
Thanks to your consideration on this matter. I’m accessible to debate this additional, if obligatory.
Linda R. Greenstein
Senator, 14th Legislative District
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