Tuesday, January 24, 2012

N.C.'s debt to U.S. rises

Via Bernhard

North Carolina's employers are paying more in federal unemployment taxes because the state hasn't paid back the $2.7 billion it borrowed from the federal government to pay unemployment benefits that soared during the recession and its slow-growth aftermath.

The cost for 2011 is an additional $7 per worker. But that's just the beginning.

The tax increases accelerate going forward.

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