California defaulted on Fed loan
California businesses are now shouldering the state's federal unemployment debt with higher payroll taxes
“The state failed to repay on time its $20 billion loan from the federal government that helped with California's unemployment costs during the pandemic.”
https://www.kcra.com/article/california-businesses-unemployment-debt-payroll-taxes/63253231
California businesses are now shouldering the state's federal unemployment debt with higher payroll taxes
“The state failed to repay on time its $20 billion loan from the federal government that helped with California's unemployment costs during the pandemic.”
https://www.kcra.com/article/california-businesses-unemployment-debt-payroll-taxes/63253231