Labor Department Attempts To Stop layoffs By Giving $100 Million To States To Subsidize PayrollsSubmitted by emalvini on Thu, 08/16/2012 - 03:08
Labor Department Attempts To Stop layoffs By Giving $100 Million To
States To Subsidize Payrolls
By Penny Starr
August 15, 2012
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(CNSNews.com) – The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck.
The “work-sharing” program was passed as part of a Republican-led bill in the House, H.R. 3630, and Senate Amendment 1465 to extend the payroll tax deduction and unemployment benefits. In February 2012, President Barack Obama signed the bill into law, which included the $100 million in funding.