California Business Owners Blindsided by Surprise Payroll Taxes

California Democrats have done it again.

They failed to pay back a $20 Billion COVID loan from The Federal Government on time (aka "Late").

The added screw payments to businesses have gone up for payroll taxes per employee.

Nothing like it is there.

Read how stupid they really are. . . . . 🤣🤣

Businesses across California are now paying more on their payroll taxes to the federal government because of spending decisions the state’s legislature and governor made within the last couple of years.

The state failed to repay on time its $20 billion loan from the federal government that helped with California’s unemployment costs during the pandemic. The state forced businesses to close during COVID-19, leaving many jobless and in need of unemployment pay. State officials have said California ended up paying more than $200 billion in benefits, more than $32 billion of which was the subject of fraud.

California is one of two states (the other New York), that did not pay back the loan with the stimulus money it had received from the federal government. California received $27 billion in stimulus, but state leaders opted to keep it and spend it on other items at a time when they boasted about the state’s nearly $100 billion budget surplus. In 2023, the state faced a budget deficit in the tens of billions of dollars and then was met with the same hurdle in 2024.

Since the state did not pay back the debt within two years, federal law requires the state’s employers to step in and pay up. As of now, each employer, regardless of the number of employees they have and whether they are part or full-time, will pay an extra $21 dollars per employee on their payroll taxes. In 2026, the extra amount will increase to $42, in 2027 to $63, and increase another $21 per employee every year until it’s paid off.

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California Business Owners Blindsided by Surprise Payroll Taxes After Newsom, Democrat Legislators Failed to Repay Federal Government Loan on Time

The legislation and governor should be in jail for grand theft.

Take money from the government.

Choose not to pay it back.

Make small businesses and the working class pay it back.

Keep it classy, Dems.

And wonder why Trump won.

Sounds like something the incoming AG should investigate and prosecute.

I just cannot wait when the trash that California political leaders have is exposed in X, it will be priceless, indict them, prosecute them and put them in jail.

Is time to get that piece of ass kissing democrat trash, newsome to get what is coming his way. He thinks his crap does not stink, Trump already knocked down the Canada pretty boy off his pedestal, now is newsome's turn.

a reply to: xuenchen
The Californians are getting what they voted for. You vote in crap reps and you get crap results.

just think lots of folks were hoping newsom would run and become the next president. hell he can't even keep his state running right.

So they laundered the money and then bilked the tax payer to cover the loan.

Why does anyone want to live there.

GOD is ensuring that California residents receive the most pain, for electing selfish corrupted perverted immoral morons.