On Monday, the North Carolina Senate passed a bill that would cut unemployment benefits by a third, and raise taxes on businesses.
Last week the state House passed the bill.
Gov. Pat McCrory is expected to sign the bill into law after it gets the General Assembly's final approval.
The money from higher taxes would be used to pay down the more than $2 million debt the state owes the federal government for unemployment benefits.
AccuLink owner, Tom O'Brien, says he understands our state owes money; but, it still might have a negative affect on small businesses.
" If our state and federal legislatures don't get a handle on what they are doing to small businesses, most small business owners that I talked to are just like me, they don't want to hire more people they want to hire less people," said O'Brien.
Greenville Unemployment Manager, Danny Alston, says he doesn't anticipate the tax increase will lead to widespread layoffs.
" The increases will not be astronomical, it will be some increase, but not to the degree that it would put small employers out of business," said Alston.
O'Brien says in the last decade it's becoming harder and harder to grow a small business.
" It's just becoming so complicated to run a small business right now. Frankly, my desire is to employ less people than more," said O'Brien.
For businesses like O'Brien's, their tax rate won't go up until July.
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