Strengthening the workforce
system through information exchange,
liaison and advocacy.

February 10, 2012

1980’s Solvency Laws

March 04, 2010

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In the 1980’s, a high number of borrowing states led Congress to enact three major pieces of legislation: (1) the Omnibus Budget Reconciliation Act of 1981 (P.L. 97-35) provided some fiscal relief to states; (2) the Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97-248) increase unemployment taxes; and (3) the Social Security Amendments of 1983 (P.L. 98-21) provided financial incentives for States to correct their fiscal imbalances.

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