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Tennessee governor considers unemployment fund plan
Tennessee state officials are considering a plan that stave off bankruptcy for the state’s unemployment fund, but would raise taxes on businesses. Governor Phil Bredesen is asking legislators to approve a proposal that would raise the taxable wage base and increase tax rates for unemployment insurance. Without these changes, the unemployment fund would be drained of money by early next year. The plan would force businesses to pay an additional $110 a year on average per employee for unemployment premiums.
Original story
Labels: business tax, Gov. Phil Bredesen, Tennessee, unemployment fund, unemployment insurance
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