Missouri Employers to See Higher Unemployment Insurance Tax

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COLUMBIA- Missouri employers will have to pay higher unemployment insurance taxes beginning in January.

According to the Missouri Chamber of Commerce, the surcharge will jump from $42 per employee to $63 dollars.

A report by the U.S. Department of Labor said Missouri is one of 13 states that will pay higher unemployment taxes.

The increase in the unemployment tax is a result of debt owed to the federal government from borrowed money in 2008 since the state fund couldn't cover unemployment benefits.

The Chamber said Missouri currently owes $308 million dollars to the federal government in debt for unemployment insurance.

It also stated in the release there was an effort to reduce unemployment insurance in the state by limiting fraud, and was passed in a Senate Bill. The statement said Governor Jay Nixon vetoed the bill.