Support Governor's Veto of SB275 Paid Family Leave

2 years ago
7

Democrats unilaterally just voted to override the governor's veto on a bill that creates a new tax and government program called Paid Family Leave. This bill polls very high, as it promises paid leave for several health reasons either employees or their family members may encounter. But unfortunately, many do not understand that both employers and employees pay for this new 12-week leave policy.

For employees, this will be an additional payroll tax that will be deducted from YOUR paycheck.

This legislation requires businesses with 15 employees or more to foot a $1.5 billion in new payroll taxes. Furthermore, the tax formula is based on a floating ratio, so the exact amount coming out of your paycheck cannot be identified and is subject to change. The bill requires a “reassessment” every two years and is tied to CPI. With inflation at a 40 year high, this will only increase. In other words, this tax is subject to an automatic increase bi-annually.

Oh, by the way, the Paid Family Leave Insurance Act’s tax increase is collected for a year and a half to fund the program before you can receive a dime in benefits.

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