Unceasing recession spurs more tax talk - Las Vegas Sun - 0 views
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David Bobzien on 14 Aug 09Carson City - Nevada businesses are facing a possible doubling of the unemployment tax they pay the state to keep benefits flowing to laid-off workers. The tax increase on employers would help Nevada avoid paying a hefty interest rate on a $1 billion loan the state plans to ask from Washington to fund the unemployment benefits pool, which is being drained in the recession because of record unemployment in Nevada. The alternative: keep the unemployment tax rate low because businesses are struggling in the recession, hope the economy turns around and fewer people look for unemployment benefits, and pay the federal loan back with interest when the state can better afford it.