Unemployment compensation taxes that businesses pay are poised to sharply increase at the end of the month, but Florida business groups are hoping to reduce the increase through changes to the unemployment compensation system.
In a letter sent last week to Gov. Rick Scott, Senate President Mike Haridopolos and House Speaker Dean Cannon, business groups asked the leaders to make two changes to the unemployment compensation tax formula this year: decrease the taxable wage base per worker from $8,500 to $7,000, and extend the time for recovering imbalances in the trust fund from three to six years.
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