Gay Dwyer http://wkms.org en House Committee Passes Unemployment Insurance Fix http://wkms.org/post/house-committee-passes-unemployment-insurance-fix <p>A compromise to help employers avoid high federal unemployment insurance taxes has easily cleared a House committee.<br /><br />The proposal would allow Kentucky to borrow money from a bank or other organization to repay federal loans. Kentucky borrowed nearly one billion dollars from the federal government to pay for unemployment insurance during the recession.<br /><br />Up until now, the state had no plan on how to keep up with interest payments on that loan. If the state is late on payments, the federal government can put a higher tax on employers to recoup the funds.<br /> Tue, 13 Mar 2012 18:19:14 +0000 Kenny Colston (KPR) 17241 at http://wkms.org