McCrory Signs Unemployment Insurance Overhaul
Governor Pat McCrory this morning signed House Bill 4, which will help to repay the 2.5 billion dollars owed by North Carolina to the federal government, in part by cutting jobless benefits.
The measure reduces the duration of unemployment benefits and cuts the maximum weekly benefits by a third, as well as raising business taxes. Opponents of the bill say its enactment will be devastating to the unemployed, but supporters say it is a necessary measure.
"I will not outsource these tough decisions," McCrory said, "This bipartisan solution will protect our small businesses from continue over-taxation, ensure our citizens' unemployment safety net is secure and financially sound for future generations, and help provide an economic climate that allows job creators to start hiring again."
The measure was sponsored by Republican Representative Julia Howard.