Take Action! New York State Must Act on Unemployment Insurance Taxes

Date: November 18, 2021

Right now, New York’s small businesses are paying the highest possible Unemployment Insurance tax rates. Why? The New York State Unemployment Insurance Trust Fund is completely depleted. The state needed to borrow more than $10 billion from the federal government to satisfy UI claims. Until New York State pays off its debt to the federal government and replenishes the UI Trust Fund, businesses like yours will pay high UI tax bills — regardless of whether you laid-off workers during the pandemic.

NFIB is urging New York State to join 31 other states in using CARES Act or ARPA funds to support the UI Trust Fund, and to pass legislation moving all businesses out of the highest UI tax rate table. New York State has the responsibility to address this issue. Replenishing the UI Trust Fund should not and cannot solely fall on the backs of New York employers for actions mandated by state government and which have already suffered immense financial harm.

We need your help! Please contact your elected officials and urge them to address the UI Trust Fund crisis. 

Related Content: News | State | New York

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