In a new policy memo, Policy Solutions for the Pandemic: Declining Extra Unemployment Benefits Will Help Get Ohio Back to Work, The Buckeye Institute calls on Ohio to decline Washington’s extra unemployment benefit and work instead to reduce labor shortages and get Ohioans back to work. “With job openings at an all-time high, Ohio policymakers should avoid a weakened recovery and reject Washington’s expanded unemployment benefits.”
Buckeye Institute-Championed Universal Occupational Licensing Recognition Will Make Ohio More Prosperous
The Buckeye Institute testified before the Ohio House State and Local Government Committee on the policies in House Bill 203, which would embrace universal occupational license recognition for people moving to Ohio. In its testimony, Buckeye urged lawmakers to follow the lead of Arizona, Missouri, Pennsylvania, and Utah and adopt universal occupational license recognition, saying, “House Bill 203’s licensing recognition…will help Ohio by helping would-be Ohio workers pursue careers and professions here.”
New Buckeye Institute Policy Brief Outlines How Regulatory Sandboxes Can Help Attract and Keep ‘Fintech’ Employers in Ohio
The Buckeye Institute released a new policy brief, Policy Solutions for More Innovation: Build a Regulatory Sandbox for Financial Technology Innovators, which calls for Ohio to construct a regulatory sandbox, which would cut red tape that often keeps innovative technology from reaching users. “While Ohio is currently home to many national banks and financial institutions, it risks losing these employers to other states that are already creating environments where these companies can develop and deploy new products and services.”
Buckeye Institute Analysis Finds Nearly 18,000 West Virginians Would Lose Jobs Under D.C. Imposed $15 Minimum Wage
The Buckeye Institute released an analysis using data from the non-partisan Congressional Budget Office (CBO) to estimate the impact of a $15 an hour minimum wage proposal included in the Raise the Wage Act of 2021. The analysis found that nearly 18,000 West Virginia workers would lose their jobs if the federal wage hike is imposed.
Buckeye Institute Analysis Finds Nearly 116,000 Ohioans Would Lose Jobs Under D.C. Imposed $15 Minimum Wage
The Buckeye Institute released an analysis using data from the non-partisan Congressional Budget Office (CBO) to estimate the impact of a $15 an hour minimum wage proposal included in the Raise the Wage Act of 2021. The analysis found that nearly 116,000 Ohio workers would lose their jobs if the federal wage hike is imposed.
The Buckeye Institute released a new policy report, New Hampshire’s Economic Recovery: Better Than Expected, by its Economic Research Center in partnership with the Josiah Bartlett Center. The new report found that “[c]oming out of 2020, New Hampshire is in better financial shape than many other states thanks to a sound revenue structure, relatively restrained spending, a strong economy, and good management.”
State budgets didn’t suffer the fate that was so widely predicted as COVID-19 began spreading throughout the U.S. Logan Kolas, economic policy analyst at The Buckeye Institute and Chris Edwards, director of tax policy studies and editor of DownsizingGovernment.org, join Cato’s Caleb O. Brown to discuss why.
In a new piece, The Buckeye Institute looks at D.C.’s state and local bailout package with Logan Kolas, writing, “As part of Washington, D.C.’s spending bonanza, House Democrats outlined a proposal to send state and local governments in Ohio more than $11 billion—more than half of which would go into state coffers. This aid is on top of the roughly $400 billion in pandemic relief, which included aid for schools, that the federal government sent state and local governments in 2020, and as we recently learned, this taxpayer-funded windfall is not necessary.”
In The Lima News, The Buckeye Institute’s Logan Kolas looks at how Ohio can build on a relatively successful economic response to the COVID-19 pandemic in the upcoming budget, writing, “Ohio has a chance to build on a relatively successful economic response to the COVID-19 pandemic. Gov. Mike DeWine’s executive budget should take it. As he sets spending priorities for the next two years, DeWine should limit proposed spending increases, cut unnecessary spending, and strategically use the state’s rainy day fund to keep Ohio on a prosperous, sustainable fiscal path.”
The Buckeye Institute released a new policy brief, A Case Study from the Heartland: Ohio’s Tax Collections Reveal Danger from Big Government Bailout, which demonstrates that higher than expected tax collections are good news for Ohio’s next budget and that a future federal COVID-19 relief package should avoid creating disincentives for fiscal prudence or punishing states that wisely prepared their budgets for economic downturns.