Rep. Wheeler: Democrats fraud Illinois workers & job creators

State Rep. Keith Wheeler (R-Oswego) speaks during debate on SB 2803, the Democrats’ plan that shortchanges the state’s unemployment insurance trust fund. “This bill is an election year fraud that is an unnecessary tax increase on every job in Illinois. Job creators and everyday folks needing unemployment benefits get to pick up the tab for a full-on Democrat election year spending spree. This is where fraud meets fraud. The result, Democrats stick Illinois’ working class and job creators with the bill just as they are climbing out of the huge hole left by COVID.”

The Democrats’ bill leaves $1.8 billion of the $4.5 billion total deficit in the state’s Unemployment Insurance (UI) Trust Fund UNPAID. The COVID-19 pandemic led to the deficit in Illinois’ UI Trust Fund that the state owes to the federal government. Until March 31, 2022, federal rules allow the state to deposit remaining federal ARPA money into the fund, of which the state has $6.9 billion that has not yet been spent. Since the Democrats’ legislation does not fill the complete $4.5 billion hole, the state faces interest penalties that will raise unemployment insurance taxes, making it a tax hike on jobs. the Democrat sponsor of the bill stated that benefit cuts to workers who’ve lost their jobs will be implemented to help reduce the remainder of the unpaid deficit. SB 2803 passed 68-43.

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