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Ohio Senate Budget Seeks Larger Income Tax Cut Than House Version

Sen. Matt Huffman (R-Lima)
Republican leaders of the Ohio Senate have proposed a $75-billion-dollar, two-year budget that includes a 5% across-the-board income tax cut. The tax cut is a boost from 2% cut in the House budget.
Senate President Matt Huffman (R-Lima) said the issue he’s hearing about most these days is employers who cannot find enough employees. So, he says the 5% cut, which totals $874 million, is an “incentive” for working Ohioans.
“If we want to talk about stimulus plans and what works and what doesn’t, an income tax cut will always be the best stimulus," Huffman said.
Huffman said the tax cut is not targeted to specific incentives but will be across-the-board for all Ohioans. The Senate budget includes $1.3 billion in tax cuts for individuals and businesses, and Huffman said that’s paid for by reductions in spending in state agencies and services.

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DeWine takes income from unemployed Ohioans, gives to business owners | Policy Matters Ohio

Supplemental unemployment compensation (UC) from the federal government has been helping Ohioans make ends meet during the unprecedented economic dislocation the pandemic has caused. Gov. Mike DeWine’s decision to cut off the additional $300 a week on June 26, 10 weeks before the benefits expire, is cruel punishment for more...

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Loss of federal unemployment aid may cost Ohio more than help it

Loss of federal unemployment aid may cost Ohio more than help it
© Susan Glaser/cleveland.com
Quiet East Fourth Street in downtown Cleveland on a summer Saturday in August 2020.
CLEVELAND, Ohio – Gov. Mike DeWine’s decision to cut off $300-a-week federal unemployment supplements to jobless Ohioans will prevent an estimated $1 billion infusion into the economy this summer.
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How can that be a good thing?
It’s not, if you talk with those who believe the payments should continue, including one expert who says $1 billion could translate to an overall economic impact of more than $1.6 billion. But ending the payments could be a good thing, say others, if forgoing the money does what it’s designed to do – wean the jobless off unemployment and restart sectors of the economy jammed up by a lack of willing workers.

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Ohio jobs: Those with the most openings pay the least

Ohio jobs: Those with the most openings pay the least

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Expand opportunity and stabilize families with support for higher education, child care and kinship care | Policy Matters Ohio

Policy Matters releases three “Budget Bites” with targeted recommendations
Policy Matters Ohio released three “Budget Bites” today that point the way to expanding opportunity and creating stability for all Ohioans by increasing support for public higher education, child care and kinship care.
“We all deserve to live in a state that sets us up for success, no matter what we look like or the size of our bank accounts,” said Policy Matters Communications Director Caitlin Johnson. “Certain politicians want to send our public resources to their corporate and ultra-wealthy backers at the expense of our families and our communities. We can use our state budget to make sure our children grow up in healthy homes and have support to go where their dreams and abilities take them.”

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Ohio tries to end labor shortage by cutting unemployment perks

Gov. Mike DeWine during the state's coronavirus update on Thursday, May 13, 2021.
COLUMBUS — Ohioans counting on the extra $300 a week in pandemic unemployment benefits will no longer be able to do so come June 26.
During a Thursday briefing, Gov. Mike DeWine announced now that all Ohioans have the opportunity to get vaccinated, the state is ending its participation in the U.S. Department of Labor's Federal Pandemic Unemployment Assistance Program in six weeks.
"This couldn't go on forever," he said about the payment. "As I travel the state, employers tell me all the time that their businesses are coming back. They also tell me that they're having a very serious time finding employees."

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Montana Replaces Higher Jobless Benefits with 'Back to Work' Bonus amid Labor Shortage

Amid Labor Shortages, Some States Opt Out of Enhanced Jobless Benefits
Expanded unemployment payments make hiring harder, business owners say
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Richard Cordray To Focus On Student Debt In New Federal Post

Richard Cordray
The first director of the Consumer Financial Protection Bureau and 2018 Democratic candidate for governor has a new job in Washington D.C.
Richard Cordray will be overseeing federal student loans and figuring out how to deliver on promise President Biden made on student debt.
In Ohio alone, nearly 1.8 million student borrowers owe more than $63 billion. Policy Matters Ohio said the average is around $30,000 per borrower. The group found that debt keeps many, especially low-income and minority Ohioans, from saving or buying homes.
Cordray said one thing that’s already available is an underutilized program that allows debtors to get relief by providing public service.

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Solon Rep Explains Why He Voted For State Budget

"If HB 1 had not made it into the bill, I would have voted no," state Rep. Phil Robinson said.

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A $15 minimum wage will boost Ohio

April 13, 2021
April 13, 2021
A case for a $15 minimum wage
Ohio’s minimum wage is too low to cover the basic cost of living, and does not reflect the value of work being done by Ohioans in low-paying jobs. At the dawn of the pandemic Ohio workers had made the state wealthier than ever, while their employers managed to rig the economy over four decades to keep more of the gains themselves. In the 40 years from 1979 to 2019, median wages grew 3.9% while 10thpercentile wages grew 1.6%.[5] Since its peak, the minimum wage has lost more than a quarter of its value.
Everyone deserves the chance to lead a healthy life; those who work deserve a wage that dignifies their contribution and covers the basics. Low wages have serious consequences for all Ohioans. Living in poverty creates chronic stress that shortens the lifespan of those who cope with it.

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