Tax-free provision ended with first stimulus
(NEWSER) - With most states already swinging in the recessionary winds, more bad news—many will have to start paying interest on the money they borrow to pay unemployment benefits. When jobless levels hit the unthinkable, with some states seeing 14%-15%, many had to go cap in hand to the feds to cover the gap, ProPublica reports. Those loans, as part of the original stimulus, were interest-free, but that provision has expired and efforts to put a new one in the tax-cut deal failed. More»
