Earlier this year, I introduced the PROVEIT Act which will hold federal agencies accountable when they overlook important due diligence requirements as they impose sweeping regulations that maybe aren't right for small businesses.
Ernst discusses the introduction of legislation to address regulatory burdens on small businesses.
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Because unemployment programs are funded primarily by taxing employers, this federal mandate is effectively a reverse Robin Hood tax that takes from struggling small businesses to give to the idle rich and self-sufficient.
In 2024 alone, 10,100 million-dollar earners received nearly $97.4 million in unemployment compensation. That amounts to each being paid $9,650, roughly the cost of a new Rolex watch.
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