IL Freedom Caucus: Unemployment Insurance Trust Fund Bailout Bad for Businesses, Workers and Consumers (Springfield, IL) — The Illinois Freedom Caucus is issuing the following statement on the Unemployment Insurance Trust Fund bailout the Legislature approved today.
“Let’s be clear why we are here today. We are here because Governor Pritzker locked down our economy creating a raid on the Unemployment Insurance Trust Fund like we have never seen before. We are here because instead of paying back the $4.5 billion we borrowed from the federal government to make the fund solvent, our leaders chose only partial payments from Illinois’s American Rescue Plan Act funds to back the loan. Instead of making good on the loan, our state’s leaders chose election year ploys such as temporary tax relief measures to improve their re-election chances.
We are also here because JB Pritzker could not figure out how to stop fraud and waste as the state paid out $2 billion in fraudulent unemployment claims.
The mismanagement and incompetence have led to where it always leads – higher taxes. As a result of the vote taken today on the Unemployment Insurance Trust Fund bailout, taxes on businesses will go up 12 percent over the next five years. Those taxes will ultimately be paid by hard working families who will see higher prices for the things they need to run their households. This is on top of the record inflation we are experiencing all across this country. Today’s vote is another example of how hard working, honest people are paying a steep price for the graft and corruption in Springfield. Our leaders chose their own political future over working families. This is disappointing but not unexpected in our corrupt state.”
The Illinois Freedom Caucus is comprised of State Representatives Adam Niemerg (R-Dieterich); Chris Miller (R-Oakland); Brad Halbrook (R-Shelbyville); Blaine Wilhour (R-Beecher City) and Dan Caulkins (R-Decatur). The members of the Illinois Freedom Caucus are members of the Illinois General Assembly who are advocating for limited government, lower taxes and accountability and integrity in government.
IL Freedom Caucus: Unemployment Insurance Trust Fund Bailout Bad for Businesses, Workers and Consumers