On Friday, our sister organization, Innovation Ohio Education Fund, released a report that, among other things, compared and contrasted the fiscal cliff proposals of President Obama and Congressional Republicans. A portion of the report focused on the Republican proposal to cap deductions and close loopholes to generate $800 billion in new revenue over the next two years. The report concluded that the plan would not raise the estimated $800 billion and could lead to the elimination of other deductions that millions of Ohio families rely upon. The report focused on Speaker Boehner’s proposal which included $800 billion in new revenue. While the proposal from Speaker Boehner was strikingly absent of details, some key Republicans have publicly stated capping deductions at $25,000 a year for those making over $250,000 a year would help raise $800 billion over ten years. While on paper this may work, in reality it is much less likely to do so. [Read more…]
As the Kasich Administration decides whether or not to participate in the Affordable Care Act’s Medicaid expansion, an analyst at the Center for Budget & Policy Priorities provides three essential reasons why saying ‘yes’ would be good public and economic policy. January Angeles of CBPP testified before a New Jersey state senate committee and recaps three points in a blog post today:
Just replace “New Jersey” with “Ohio.”
- State and local spending on health care services for the uninsured would fall because many uninsured residents would have Medicaid coverage, largely financed by the federal government.
- The expansion could strengthen New Jersey’s economic recovery. For every $1 that the state spent on the expansion, it would receive $9 from the federal government. That would equal between $9 billion and $11.1 billion in additional federal dollars coming to the state between 2014 and 2019, according to the Urban Institute.
- Research shows that people on Medicaid are more likely to get preventive care than people without insurance. Better health care, in turn, leads to better health. “State Medicaid expansions to cover low-income adults were significantly associated with reduced mortality as well as improved coverage, access to care, and self-reported health,” according to research published in the New England Journal of Medicine.
In the second presidential debate held this week, for the first time, we were offered a direct contrast between the two candidates’ position on two issues important to women. Pay Equity in the Workplace Responding to the question “In what new ways to you intend to rectify the inequalities in the workplace, specifically regarding females making only 72 percent of what their male counterparts earn?”, President Obama spoke of his very first legislative accomplishment:
“… the first bill I signed was something called the Lily Ledbetter bill. And it’s named after this amazing woman who had been doing the same job as a man for years, found out that she was getting paid less, and the Supreme Court said that she couldn’t bring suit because she should have found about it earlier, whereas she had no way of finding out about it. So we fixed that. And that’s an example of the kind of advocacy that we need, because women are increasingly the breadwinners in the family. This is not just a women’s issue, this is a family issue, this is a middle-class issue, and that’s why we’ve got to fight for it.”Governor Romney did not address the question of whether he would have supported the Lily Ledbetter Act, but his campaign has — after some misdirection yesterday — finally stated that he would not have signed it. [Read more…]
Quick Friday note on today’s good news that the unemployment rate in the U.S. is below 8 percent for the first time in quite awhile. According to the New York Times:
The unemployment rate fell because more people were working, not because discouraged job seekers stopped looking, the numbers showed. Adding to the positive news, job gains were revised upward by 40,000 for July (to 181,000) and by 46,000 for August (to 142,000), casting a slightly rosier light on what had been perceived as a summer slump.Then there’s this according to former General Electric CEO Jack Welch: [Read more…]
If you’re tuned in to the ongoing presidential election race, you might have still been scratching your head this morning given Gov. Mitt Romney’s performance in last night’s debate versus President Barack Obama. There’s no confusion over the perceived winner. In our style-first culture, Romney won last night hands down. His answers were sharper, shorter and more pointed than the president’s. He smiled a lot – although that smile was called smug by some, confident by others. Romney looked and sounded great. But, we’re not hiring a Ken doll, we’re deciding on the near term future of the entire country. [Read more…]