California Federal Debt Hurting Local Businesses

During the pandemic, California gave out billions in unemployment benefits, much of which was fraudulent. But instead of the Governor making sure the state paid it back, it’s local businesses that are left with the increasing tab.
A report from the California Budget and Policy Center suggests that the state’s debt to the federal government is so high that the principal owed is continuing to grow. It forces many business owners into a corner in order to meet the payroll tax.