Thursday, December 09, 2010

Unemployment insurance premiums hurt small business disproportionately

The Washington Examiner has an important op-ed by Michelle Malkin, “Unemployment insurance kills small business”, link here.  Small proprietors, like doctors or neighborhood retail businesses, are hit much harder relatively speaking by higher unemployment insurance premiums than are much larger employers who are often responsible for so many of the layoffs.

She gives an example of a rock band, Vinyl Headlights, Inc., which might have to make its members go solo.

Continuation of the 99 weeks of unemployment insurance (to up to 155 weeks) was part of President Obama’s deal with Congress, which as of just now has fallen into jeopardy (CNN Political Ticker--Breaking News -- story Dec. 9 ).

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