Gov. Mitch Daniels has signed legislation designed to fix Indiana’s bankrupt unemployment insurance fund.
The
bill approved by the General Assembly in April will dramatically increase
unemployment taxes on many employers but would not cut benefit payments.
Proponents say it also will close loopholes in the system and make
other changes to save money.
Daniels said earlier that the bill
had flaws, including the fact that it puts the entire burden on employers. He
said raising employer taxes and reducing benefits would have been a
balanced approach.
But Daniels said the bill did make some
progress in a fund that has been paying out hundreds of millions of
dollars more in benefits than it has been collecting in employer taxes.
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