CHAMBER MEMBERS ADVOCATE:
WHY?
In today's volatile economy, it is the Michigan Chamber’s position that fair and affordable employment laws, including the state’s employer-financed unemployment and workers’ compensation programs, are more important than ever. As of November 2010, Michigan’s Unemployment Insurance Trust Fund had borrowed more than $3.8 billion from the federal government to continue paying benefits. Left unchecked, Michigan businesses’ total additional tax burden will automatically increase by over $230 million in 2011 and increase progressively over the next decade or longer to repay the federal debt plus interest. The current crisis represents an opportunity to work proactively to overhaul and reform the UI system and eliminate the debt incurred. Furthermore, governmental involvement and regulations should be reduced to give employers the flexibility they need to manage their workplace and address their employees’ needs and allow Michigan to be attractive, competitive and a better place to do business.