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MN businesses to pay less for UI insurance

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Minnesota businesses will save $346.5 million over two years starting in 2014, thanks to a cut in unemployment insurance taxes that was proposed by Gov. Mark Dayton earlier this year and approved by the Minnesota Legislature.

Effective Jan. 1, 2014, for-profit employers will pay lower taxes for funding the unemployment insurance trust fund, which provides temporary jobless benefits to workers who are laid off.

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