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Kathy Hochul: “Over $7 billion has been on the backs of our business…”

Featuring: Kathy Hochul, Democratic | Governor of New York

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Gov. Kathy Hochul Announces Erasure Of $7 Billion Of New York's Federal Unemployment Insurance Debt

Published | Video Starts at 02:57

It was a difficult, difficult time for our state. And the challenge is, is that we went into debt had to borrow money. And as a result of that, Over $7 billion has been on the backs of our business communities to pay [the unemployment insurance fund debt] back. And when I talk to business leaders and talk to Ashley and Heather about this weight, especially now, think about this. All the unanticipated costs that our business community has to go through, they didn't ask for tariffs. (02:57)

CLAIM

Asserts that businesses have been responsible for repaying over $7 billion in unemployment insurance fund debt.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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