Chamber Identifies $550 Million in Reforms to Michigan's Bankrupt Unemployment Insurance System
Last week before legislative committees in the Michigan House and Senate, the Michigan Chamber Foundation released a major nonpartisan, economic study identifying up to $550 million in cost-saving reforms to Michigan's employer-financed unemployment insurance system (UI).
The study identifies strong and bold policy options to make Michigan more competitive and offset the need for additional employer taxes to pay down the nearly $4 billion Michigan owes to the federal government for its employer-financed UI system.
Given the size and scope of the debt, Michigan can no longer continue to kick the can down the road. The Michigan Chamber will be working proactively with the Legislature in the coming weeks and months to implement the recommended reforms.
Please visit our Briefing Center to learn more about this important issue area. If you have any questions, you may contact Wendy Block, Director of Health Policy and Human Resources, at 517/371-7678 or wblock@michamber.com.