Thursday, December 2, 2010

NFIB / Wisconsin members brace for double taxation!

Your professor serves on the State Leadership Council of the National Federation of Independent Business (NFIB) / Wisconsin. We have 13,500 small business members in our state. Other states have similar chapters and membership numbers, which makes NFIB the 10th most powerful lobbying group in this country.

However, my story is about our recent quarterly meeting of our board, on which your professor serves, this week Tuesday. The essence of it follows and aligns with our discussion this week of business ethics - behaviors that do not harm others or ourselves (Plato's definition of ethics):

This writer heard a detailed discussion of payroll taxes for unemployment at his state board meeting of the National Federation of Independent Business (NFIB) / Wisconsin on Tuesday morning of this week. The "bottom line" is the State of Wisconsin has raided these funds for other purposes - a direct violation of the law - the state's own laws!

As a result, our lobby group, NFIB / Wisconsin, is taking steps to make sure our members do not have to pay this payroll tax twice! It is amazing to watch state government violate its own laws. It can do this as a rule with the "little people" because on average it costs $150,000 to litigate a claim against the state, which has lawyers on hand all of the time, courtesy or your and my tax dollars.

In addition, Wisconsin has also borrowed $235 million from the federal government to cover its depleted unemployment insurance fund. Now the "leaders" of this state are running around like so many circus Keystone Cops trying to figure out how to pay for this debt!

Our NFIB members are concerned small business in our state will get another bill. Nobody, moreover, seems to know where the money has gone that ought to have covered unemployment in the first place. This is only going to get worse.

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