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<blockquote data-quote="Babagounj" data-source="post: 5584521" data-attributes="member: 12952"><p>[URL unfurl="true"]https://www.zerohedge.com/political/california-defaults-186-billion-debt-saddling-employers-expense[/URL]</p><p></p><p>In the state's proposed 2023-2024 budget, <strong>$750 million was allocated to start paying down the loans</strong>, until Governor Gavin Newsom nixed the provision in early January, leaving businesses in the state responsible for the loans, as mandated by federal regulations - so that the <strong>federal unemployment tax rate of .6 percent will increase by .3% per year starting in 2023</strong> until the loan is extinguished.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 5584521, member: 12952"] [URL unfurl="true"]https://www.zerohedge.com/political/california-defaults-186-billion-debt-saddling-employers-expense[/URL] In the state's proposed 2023-2024 budget, [B]$750 million was allocated to start paying down the loans[/B], until Governor Gavin Newsom nixed the provision in early January, leaving businesses in the state responsible for the loans, as mandated by federal regulations - so that the [B]federal unemployment tax rate of .6 percent will increase by .3% per year starting in 2023[/B] until the loan is extinguished. [/QUOTE]
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