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CFO Sink Commends Delay of Unemployment Compensation Tax Hike

3/10/2010

FOR IMMEDIATE RELEASE: March 10, 2010
CONTACT: Kevin Cate (850) 413-2842

CFO SINK COMMENDS DELAY OF UNEMPLOYMENT COMPENSATION TAX HIKE

TALLAHASSEE – Florida CFO Alex Sink today released the following statement after Governor Crist signed legislation that will delay massive unemployment compensation tax increases on Florida businesses:

“In these tough economic times, the last thing our businesses could afford was this massive tax hike, and it was important to quickly act to delay this increase,” said CFO Sink. “By postponing the tax increase that both the Governor and Legislature supported last year, our state avoided what could have been a crippling blow to Florida businesses, especially many of our small businesses.”

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As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services.  A successful business leader with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO.  CFO Sink's priorities include using her business experience to cut wasteful spending, holding government accountable to Florida’s taxpayers, and cracking down on financial and insurance fraud.