NC Budget and Tax Center

HB 4 Signed into Law: Who Benefits?

Governor McCrory’s signature makes HB4, the unemployment insurance overhaul bill, the law of the land.  The Justice Center’s statement says it all about how disappointing this outcome is for all North Carolinians.  It is clear that there were better options available to address the real problem of the state’s unemployment insurance debt.

Let’s be clear about what HB4 will do in one graph.  It will drastically reduce unemployment insurance payments to workers. And in so doing, these changes are projected to reduce the average employers contribution dramatically over time.

Average Per Employee Contribution_UI

 

Check Also

Federal tax changes benefit the wealthy, reduce funding for NC communities

Last week, with the release of the tax ...

Top Stories from NCPW

  • News
  • Commentary

Jim Womack has a reputation in North Carolina for being many things, but a conservationist isn’t one [...]

Just days after a North Carolina official tapped a Robeson County elementary for a controversial cha [...]

Two groups seeking state contracts to run struggling North Carolina schools have professional ties t [...]

North Carolinians will lose their “precious right to vote,” as U.S. Supreme Court Justice Ruth Bader [...]

The folks running the General Assembly reached a new low this week in their efforts to dismantle our [...]

National civil rights leaders call for the rejection of North Carolina’s Thomas Farr [Editor’s note: [...]

Budgets matter, both within government and inside each household across America, because they demons [...]

Why the legislature now operates this way and why it’s a big problem The North Carolina General Asse [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more