Republican senators push Governor Hochul to use funds to pay unemployment debt instead of giving tax rebates.

Three Republican state senators in New York are urging Governor Kathy Hochul to use state funds to pay off a $6 billion debt owed for unemployment insurance, rather than issuing tax rebates to New Yorkers. They argue paying off the debt would lower business costs, which could help reduce consumer prices. Hochul plans to send out rebates to 8.6 million residents as part of her $3 billion Inflation Refund plan.

3 months ago
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