News from Assembly Minority Leader Brian M. Kolb
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For Release: IMMEDIATELY, July 26, 2011
Laurie Ammerman, (518) 455-5073, (518) 229-4632, ammerml@assembly.state.ny.us
Assembly Minority Leader Brian Kolb Calls On Governor Cuomo To Rescind Unemployment Insurance Assessment Surcharge On Small Businesses

Assembly Minority Leader Brian M. Kolb (R,I,C-Canandaigua) today sent a letter to Governor Andrew M. Cuomo urging him to rescind the New York State Department of Labor's recent Unemployment Insurance (UI) Interest Assessment Surcharge imposed on all businesses and refund any businesses that have paid this assessment to date.

"Our small business owners are doing their best to create jobs and bring New York out of this recession. If the United States Congress does not enact legislation to make Federal loans to state UI trust funds interest free, New York must take action to ensure that the men and women that create new jobs do not bear the burden of this onerous assessment. I suggest using a portion of the nearly $800 million in surplus first quarter tax receipts from the current fiscal year to cover the $95 million interest payment of the Federal loans, instead of nickel and diming New York businesses with another costly assessment," Leader Kolb said.

The surcharge is to cover a $95 million interest payment on Federal loans to the State's UI Trust Fund to pay UI benefits to multitudes of unemployed workers.

"With the enactment of a Real Property Tax Cap this year and the launch of Regional Economic Development Councils today, our State is in position to craft a true economic development plan that creates jobs and puts hundreds of thousands of unemployed New Yorkers back to work," Leader Kolb said.

"This UI Interest Assessment Surcharge will be another burden placed on the backs of businesses and is detrimental to recent strides to improve New York's business climate. Our focus now needs to be Jobs, Jobs, Jobs! That is why I urge Governor Cuomo to stop the UI Interest Assessment Surcharge and send a clear message to business owners across the State that New York is once again Open For Business!" Leader Kolb concluded.

Editor's Note: Attached with this press release is Assembly Minority Leader
Brian Kolb's letter that was hand-delivered to Governor Cuomo today.

Click here for Assembly Minority Leader Brian Kolb's letter


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