Jay Obernolte tweeted the following:
“During the COVID-19 Pandemic, the State of California mandated its businesses to be closed substantially longer than other states across the country. Asking those same businesses to now repay the state’s federal debt in a year where it had a historic surplus is simply baffling.”
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Here are other recent tweets from Jay Obernolte:
“While federal unemployment insurance loans were essential to helping Californians weather the pandemic, it is imperative that the state now repay its loans, as failing to do so risks the financial stability of millions of California employers.”
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“California business owners have been notified that they will have to pay additional taxes this year – and indefinitely – until our state has repaid its outstanding $18.5 billion federal unemployment insurance loan debt. The state had a historic $97.5 BILLION surplus in 2022.”
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“I’m leading my colleagues in telling @GavinNewsom that forcing California employers to pay higher FUTA taxes because of the failure of our State to pay its debts, in a year when the State had a multibillion-dollar budget surplus, is nothing short of theft.”
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