Month: July 2021

President Biden to Allow Nationwide Residential Eviction Moratorium to Expire Saturday

The Biden administration announced Thursday it will allow a nationwide ban on evictions to expire Saturday, arguing that its hands are tied after the Supreme Court signaled the moratorium would only be extended until the end of the month.

The White House said President Joe Biden would have liked to extend the federal eviction moratorium due to spread of the highly contagious delta variant of the coronavirus. Instead, Biden called on “Congress to extend the eviction moratorium to protect such vulnerable renters and their families without delay.”

“Given the recent spread of the delta variant, including among those Americans both most likely to face evictions and lacking vaccinations, President Biden would have strongly supported a decision by the CDC to further extend this eviction moratorium to protect renters at this moment of heightened vulnerability,” the White House said in a statement. “Unfortunately, the Supreme Court has made clear that this option is no longer available.”

The court mustered a bare 5-4 majority last month, to allow the eviction ban to continue through the end of July. One of those in the majority, Justice Brett Kavanaugh, made clear he would block any additional extensions unless there was “clear and specific congressional authorization.”

Wisconsin Assembly Fails Again to Block Additional Federal Unemployment Aid

The Wisconsin Assembly voted again Tuesday on a bill that would eliminate extra federal money for unemployment benefit recipients in Wisconsin, but Republican support for the measure wasn’t enough to override a veto from Democratic Gov. Tony Evers.

The GOP attempt to override Evers’ veto fell short of the two-thirds vote threshold necessary to do so. It passed on a vote of 59-37, with Republicans voting in favor and Democrats against.

The bill, which was first approved by the GOP-controlled Legislature last month, would have barred Wisconsin from participating in the federal program that provides $300 a week in additional unemployment aid to benefit recipients. More than two dozen states have passed similar measures already this year. The bill would have also blocked the state Department of Workforce Development from waiving work search requirements for unemployment benefits because of the COVID-19 pandemic.

During debate, Republicans argued the extra money makes it too easy to stay unemployed, and pointed to businesses across the state that are struggling to hire workers.

“Government is doing something right now that works against these businesses, works against our economy,” said Rep. Mark Born, R-Beaver Dam.

According to the state Department of Workforce Development, the maximum state weekly unemployment payment is $370 a week, depending on the worker’s prior income. Combined with the $300 in additional federal benefits, that would amount to $16.75 an hour for a 40-hour work week.

Democrats pushed back on Republicans’ arguments, arguing that eliminating the extra federal money wouldn’t be enough to solve Wisconsin’s worker shortage. They said there are other barriers to going back to work, such as child care shortages that have been exacerbated by the pandemic, continued concerns about contracting COVID-19 and inadequate public transportation. Some workers have also struggled to find jobs that align with their skills and abilities.

The federal benefits are scheduled to end in September, regardless of individual states’ actions.

Insurance Commissioner Approves Worker’s Compensation Rate Decrease

Wisconsin Insurance Commissioner Mark Afable has approved an overall 5.44 percent decrease in worker’s compensation insurance rates, effective October 1, 2021. This is the sixth straight year of rate decreases in Wisconsin.

“This is great news for Wisconsin’s employers and workers,” said Commissioner Afable. “As our state recovers from the pandemic, this will help provide additional relief to our businesses who could save more than $90 million1 thanks to this decreased rate.”

Worker’s compensation insurance rates are adjusted annually by a committee of actuaries from the Wisconsin Compensation Rating Bureau (WCRB). The Commissioner of Insurance has final approval over rate changes that are recommended by the WCRB.

The five major industry groups for worker’s compensation insurance in Wisconsin will all benefit from a rate decrease. Contracting will have a 5.35 percent decrease; Office and Clerical will have a 4.21 percent decrease; Goods and Services will have a 6.39 percent decrease; Manufacturing will have a 5.53 percent decrease; and the Miscellaneous industry group will have a 4.12 percent decrease. Specific rates for classification codes may increase or decrease.

Questions about rate development can be directed to the WCRB at (262) 796-4540 or online at https://www.wcrb.org/wcrb/wcrbhome.htm.

Consumer Prices Surge by Most Since August 2008

U.S. consumer prices rose last month at the fastest pace since August 2008. The Labor Department said Tuesday that the consumer price index rose 0.9% in June, faster than the 0.6% increase in May. Prices rose 5.4% year over year, and have been trending higher every month this year.

Used car prices spiked 10.5% last month, accounting for more than one-third of the increase. Additionally, energy prices climbed 1.5% month over month and food prices rose 0.8%.

Core prices, which exclude food and energy, rose 0.9% in June, quicker than the 0.7% increase recorded in May. The 4.5% annual increase was the most since November 1991.

Higher prices seeped into large swaths of the economy as businesses have struggled to correct supply-chain bottlenecks that occurred as a result of the pandemic. Some businesses are also struggling to find workers as supplemental unemployment benefits have encouraged workers to stay home.

The Federal Reserve has insisted the price gains are “transitory” and that they will eventually return to pre-pandemic levels as the dislocations caused by the pandemic are corrected.

However, Fed Chairman Jerome Powell has admitted that timing is “uncertain.”

Governor Evers Signs GOP-Authored State Budget with Billions in Income Tax Cuts

Governor Tony Evers on Thursday signed the Republican-authored state budget, heralding its more than $2 billion in income tax cuts and vowing to provide an additional $100 million in federal money for the state’s schools beyond what the GOP provided.

In all, Governor Evers kept the most significant aspects of the GOP budget intact, using his veto power 50 times compared to the 78 vetoes he made in signing the state budget two years ago.

The budget will bring down the income tax rate from 6.27% to 5.3% for income between about $24,000 and $263,000 a year, or between $32,000 and $351,000 for married filers. All told, officials say the plan would save taxpayers $2.7 billion over the two-year period, including $2 billion of which would be direct tax cuts.

The budget also comes with about $650 million in property tax cuts, which would save the owner of a median-valued home about $100 in December, according to fiscal bureau estimates. In the next year, the tax bill on the same home would increase $32 from the previous year.

The budget still sets aside about $202 million in state funds to cover the cost of eliminating the state’s more than 170-year-old personal property tax, which businesses pay on equipment and machinery. However, Evers on Thursday vetoed separate bipartisan legislation that would have officially eliminated the tax.

Governor Evers said he planned to veto the legislation over concerns that it might provide tax cuts to manufacturers located outside the state who have warehouses in Wisconsin though Republicans amended the bill to address concerns before it passed the Legislature.

Governor Evers, Oneida Nation Chairman Hill Sign Compact Amendment Permitting Event Wagering

Yesterday, Governor Tony Evers and Oneida Chairman Tehassi Hill signed a historic compact amendment that expands allowable gaming at Oneida Nation casinos and affiliate locations in the state of Wisconsin to include event wagering. This compact amendment will be the first to allow event wagering, including sports betting, to occur in Wisconsin.

“Event wagering,” as defined by the compact amendment, can include sports and events betting such as wagering on nationally televised award shows, professional sports league drafts, and professional sporting events such as the National Football League, the National Basketball Association, and Major League Baseball.  The current compact amendment does not allow for wagering on Wisconsin college athletics. Wagering is also prohibited on the outcomes of elections for public office and for events with participants under the age of 19.

The compact amendment signed today follows months of negotiations between the Oneida Nation and the Wisconsin Department of Administration’s (DOA) Division of Gaming. The agreement will be sent to the federal Bureau of Indian Affairs (BIA) and the Bureau has 45 days to review and approve the compact amendment.

If approved, the Oneida Nation can begin expanding operations to allow event wagering at Oneida Casino. The compact amendment also allows for remote event wagering on land owned by the Nation or held in trust for the Oneida Nation by the federal government that contains a commercial building owned or leased by the Oneida Nation. The Oneida Nation hopes to begin offering event wagering in time for the upcoming football season.