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Posts Tagged ‘Recession’
Why the Fiscal Cliff is Fiscally Irresponsible
The Federal Government and the country are set to go off the Fiscal Cliff on New Year’s Day.
The term Fiscal Cliff refers to number of laws that if they remain unchanged, could result in significant tax increases and spending cuts.
Connecticut Unemployment Fund to Assess Employers
Unemployment Insurance benefits are financed by employers through the payment of taxes. Because of the severe economic recession, unemployment has risen to a current level of 9.1% nationally. In October of 2009, Connecticut’s Unemployment Trust Fund became insolvent and in order to continue to pay claims the state has had to borrow from the United States Department of Labor. These borrowings have been interest free through 2010 due to the American Recovery and Reinvestment Act of 2009, which waived … Continue reading »
