|
Getting your Trinity Audio player ready...
|
Governor Gavin Newsom vetoed SB 799, one of the California Chamber of Commerce’s hardest fought job killer bills, over the weekend. The proposal would have made striking employees eligible for unemployment compensation after a strike has continued for more than two weeks.
The CalChamber has led a broad coalition of more than 110 businesses, associations and local chambers of commerce urging the Governor to veto SB 799 (Portantino; D-Burbank). A “priority bill” for the labor movement, the consequences of this radical change in unemployment eligibility would have been profound.
The Governor emphasized that “expansion of eligibility for UI benefits could increase California’s outstanding federal UI debt,” which he projected to be nearly $20 billion by the end of the year, “significantly increasing taxes on employers.” The Governor also noted that the state treasury is responsible for the interest payments on the UI loan and to date has paid $362.7 million in interest with another $302 million due this month.”
“Now is not the time to increase costs or incur this sizable debt,” said the Governor.
