Leonard's Bill Passed Through the House
By Gareth Evans on Tuesday, February 1st, 2011 |
Rep. Dan Leonard’s (R-Huntington) unemployment insurance bill passed through the House by a vote of 61 to 38.
Indiana has borrowed over 2 billion dollars from the federal government and the first interest payment of approximately 80 million dollars is due in September.
“This bill is a fair approach; a balanced approach to fix the current problem,” said Rep. Leonard.
House Bill 1450 moves Indiana from premium rate schedule B to schedule E for the next 10 years, and reduces the impact of HEA1379 which was passed in 2009. Moving to schedule E will allow employers to cover their federal tax increase and surcharge payment and pay less overall than they would have under the current law.
“Moving to schedule E, annualizing benefits, and closing loopholes will lessen the overall impact of the HEA1379 premium increases to employers, while still ensuring fair unemployment insurance benefits for unemployed Hoosiers,” said Leonard.
This Bill changes the benefit calculation so an individual will receive 47% of their average weekly wage for the previous 52 weeks capped at $390, which is the current maximum amount. 47% is the national average replacement rate.
House Bill 1450 will now move to the Senate for deliberation.
Comments...
Job Less Joe posted on February 12th, 2011 @ 07:38:51My Leonard cannot possiblyreally think he is a conservative Republican or all that voted for this bill. For NINE years, the businesses in Indiana have been allowed to pay less into the system than is paid out because they lay people off.
This bill "lessens" the impact?? The only reason that there is an increase is that the FEDS are mandating it since Indiana had to borrow money to continue jobless payments.
Just what part of CONSERVATIVE does borrowing and spending work into this????
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