NFIB State Director Dawn Starns released the following statement today on the need for lawmakers to address the state’s rapidly depleting Unemployment Insurance Trust Fund during the upcoming special session:
“The Louisiana Legislature created an invaluable program for so many small businesses when they created the Main Street Recovery Grant program. Thousands of small businesses impacted by the pandemic have been helped by the program. Our members understand the urgency in shoring up the Unemployment Insurance Trust Fund before it runs out of money, but we hope legislators don’t rob Peter to pay Paul by diverting funds from the small business grant program which still has outstanding applications to fund or raising taxes on small businesses.
“We’re asking the Legislature to allocate all remaining CARES Act funds to the Unemployment Insurance Trust Fund and avoid a tax increase on business. Between the coronavirus and the hurricanes, Louisiana’s small businesses have had a rough year. Taking money from the grant program before those who need it have a chance to access it or raising taxes on the state’s job creators would erase so much of the progress they’ve made toward recovery.”
The Legislature will convene on Monday, Sept. 28.