llogical – Ohio’s unemployment compensation trust fund is chronically underfunded because employer taxes have not kept pace with needs. This means that taxpayer funds are being used to pay interest on debt, according to our recent statement. The money Ohio is diverting in this way would be better used to
Employer taxes have not kept pace with needs, leaving Ohio’s unemployment compensation trust fund chronically underfunded. Because the state has been unwilling to fix the problem, Ohio is now diverting money to pay interest on money owed the federal government.
Bush tax cuts: How GOP, Obama plans affect Ohioans — “Low- and middle-income Ohioans can ill-afford to see the federal tax system weighted in favor of the most affluent. As our own state income-tax cuts implemented over the past seven years have demonstrated, this is not a solution to our
Weaker by design – The Ohio House has undercut Gov. John Kasich’s proposed Financial Institutions Tax with new credits and exemptions, including millions in tax cuts for mortgage lenders, securities brokers, payday lenders, finance companies and other so-called “dealers in intangibles.” A chief aim of the new tax was to
For immediate releaseContact: Hannah Halbert, 614.221.4505policymattersohio.org/jobwatch-june2012 Data from two separate surveys released by the Ohio Department of Job and Family Services (ODJFS) today suggest that Ohio’s recovery has regained some steam. The state’s unemployment rate continued to fall in May, landing at 7.3 percent according to seasonally adjusted data released
Contact your state senator to let them know that HB 511 should not pass until it contains new, stronger accountability measures for the Ohio Capital Fund. The Ohio Senate will be considering this issue as early as June 12. Of the venture-capital funds that have received money from the Ohio
August – Ohio CASH 3rd quarter meetingThe 3rd quarter Ohio CASH meeting will be held at 10 am on August 16, 2012. The meeting will include a policy update, a presentation on asset limits for public benefits, and an update on the progress of the Financial Stability Toolkit. This meeting
For immediate release Contact Zach Schiller, 216.272.9072 Back to testimony Download press release A bill moving through the Ohio House of Representatives would support a major expansion of a program that provides money to venture-capital funds though many of them have not met requirements to invest in Ohio. Eleven of
New social contract – Ohioans are struggling through economic slumps and recoveries with less help than in the past, while the safety net that people used to rely on for basic needs is in tatters. Based on these findings, we make the case in our latest report that we must
Randy Tucker Report: Job openings fall by 3,400 in 1 month Ohio’s unemployment rate edged down for the ninth consecutive month in April, dropping to 7.4 percent from 7.5 percent in March as the number of unemployed workers continued to decline, the Ohio Department of Job and Family Services reported
For immediate releaseContact: Hannah Halbert, 614 221.4505Download press release Full report Data from two separate surveys released by the Ohio Department of Job and Family Services (ODJFS) today continue to portray a mixed picture of Ohio’s economy. The state’s unemployment rate continued to fall in April, landing at 7.4 percent
Download press release Back to full report Report finds that Ohioans struggle through slumps and recoveries with less relief than in the past Ohioans are finding it harder to thrive economically and are slipping into poverty amid the destruction of vital services that were once a pathway to the middle
