Mountain State Spotlight, Beckley Register-Herald – When Gov. Jim Justice announced earlier this month that he had put hundreds of millions of dollars in federal pandemic relief aid into West Virginia’s unemployment trust fund, he said it would lead to a “massive reduction” in business costs. Read the full article.
But, for many West Virginia businesses, the savings are sparse. While Justice’s move will lead to a 25% reduction in unemployment taxes, for a lot of businesses that amounts to a savings of less than $100 per employee.
“I don’t see that as massive at all,” said Michelle Jack, owner of Sweet-A-Licious, an ice cream shop in Buckhannon. With only five employees aside from herself and her husband, she has to pay a lot less in unemployment taxes than some bigger businesses, meaning the savings are a lot less too.
