Ohio has been gaining jobs over the last few years, and its unemployment rate hit its lowest level in 17 years a few months ago. But there are other numbers in the state’s economic overview that raise concerns for a progressive group that reviews the economy each year on Labor Day.
Vice President Mike Pence, in front of an audience of about 400 ardent supporters of his boss, President Trump, at a downtown Cincinnati hotel ballroom, spent an hour talking about a trilogy of ideas that all made his listeners very happy.
The state’s budget office is forecasting a surplus at the end of this fiscal year. Gov. John Kasich says he wants to take that extra money and adjust withholdings, resulting in more money in Ohioans’ paychecks.
A new poll shows overall, nearly seven in 10 Ohio voters surveyed say they are very or somewhat satisfied with the way things are going in Ohio right now. They also weighed in on issues like tariffs on Chinese products and immigration.
Over the weekend, President Trump made his second visit to Northeast Ohio in less than two months. While in Cleveland, he met with Republican donors, talked about tax cuts passed last year, and endorsed Republican Senate hopeful Jim Renacci.
Corporations are seeing big savings as the effects of the large federal tax cut take place. Now state energy regulators want to see if Ohio’s major utilities are going to pass those savings on to the ratepayers. It’s unknown whether the corporation tax cuts will result in lower electric bills.
Democratic Sen. Sherrod Brown backed a two-year budget deal that could push federal deficit spending past a trillion dollars by next year. But Brown argues GOP lawmakers are responsible for a fair share of the red ink.
President Donald Trump came to the Cincinnati suburb of Blue Ash on Monday to tout the Republican tax reform bill he signed into law and boast that it is already paying dividends for American workers and companies.
While the tax reform law will provide tax cuts to Ohioans, those cuts may not provide the boost needed for future economic growth. Ohio State University economist Mark Partridge says Ohio's manufacturers may see some benefit, but investment in workers will do more.
Congressional Republicans delivered on their first major legislative accomplishment of the Trump era on Wednesday, when the House voted 224-201 to pass a $1.5 trillion tax package. The bill cuts individual rates for eight years and slashes the top corporate tax rate to 21 percent permanently.