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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA new proposal would help fix Indiana’s depleted unemployment insurance fund by raising taxes on employers.
The Indiana House labor committee voted 9-3 this morning to raise more money from businesses by increasing both the taxable wage base and tax rates.
The state’s unemployment insurance fund currently pays out millions of dollars more than it collects, and the state is using federal loans to issue unemployment checks.
The House plan wouldn’t raise enough money to fix the fund immediately, but both Republicans and Democrats say the proposal is a good starting point. The bill also includes a one-year surcharge on employers that would help pay back federal loans.
The bill now moves to the full Democratic-controlled House for consideration.
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