New state law averts big spike in unemployment taxes on businesses

By Jerry Cornfield and Rachel Riley

Gov. Jay Inslee signed into law Monday legislation that cancels most of a massive hike in unemployment insurance taxes on businesses this year and increasing the amount of weekly benefit checks to unemployed workers starting this summer.

“We know this pandemic has caused sweeping economic hardship for workers and businesses, and this bill is a big step forward to softening those impacts,” Inslee said before signing Senate Bill 5061.

Businesses will face a small rise in premiums this year, with future increases spread over five years, avoiding a huge spike resulting from an unprecedented number of people who have claimed benefits during the

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