WCAX.COM Local Vermont News, Weather and Sports-Plans to Boost Unemployment Fund Prove Unpopular
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Montpelier, Vermont - November 5, 2009
Plans to shore up Vermont's sagging unemployment trust fund are getting a cool reception from employers and workers.
A tax on businesses creates the pool of money that is paid out to unemployed people. With unemployment at record levels, the fund could run out of money by next year. The Douglas administration proposed raising taxes and cutting benefits to keep the fund solvent. But business owners told lawmakers they cannot afford a higher tax-- and labor advocates say benefits are already too low.
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