Austin —The Texas Association of Business (TAB) applauds Chair of Senate Finance, Senator Jane Nelson, for filing SB 2, which appropriates $7.2 billion in American Rescue Plan Act (ARPA) funds to replenish the UI trust balance.
“We are grateful to Senator Nelson for protecting businesses from massive Unemployment Insurance rate hikes,” said TAB CEO Glenn Hamer. “This is a top priority for the Texas business community.”
The Unemployment Insurance (UI) program faces a deficit of roughly $7 billion because of the unprecedented explosion of unemployment during the pandemic. TAB sent a letter to legislative leadership on behalf of the business community, urging support of SB 2.
TAB is the voice for Texas businesses, representing more than 1,500 members and 200 local chambers. United to protect the business-friendly climate, TAB works on the frontlines, in a bi-partisan manner, to deliver real solutions that promote economic development in Texas. Follow TAB on Facebook, Twitter, and LinkedIn.