In Missouri and elsewhere, benefits for the jobless are under pressure. Governors and legislatures across the nation are moving to cut the length of time unemployed workers can receive benefits, despite historically high unemployment rates, amid concerns that states may need to boost taxes on employers to shore up unemployment trust funds exhausted by the jobless benefits.
We've discussed the current state of unemployment insurance taxes. If corporations are making record levels of profits (which they are) and paying historically low tax rates (which they are), then why are states concerned?
Someone more conspiracy-minded might be led to the conclusion that these states are looking to either abandon the state unemployment insurance program that has been in place since the Great Depression, or push the responsibility onto the federal government.