News

Ohio's Huntington Bank cites tax reform for spike in small business loans

By Tristan Navera  – Staff reporter, Columbus Business First Feb 13, 2018, 11:41am Huntington Bank, already the second largest originator of small business loans, said it has seen a substantial spike in those loans this year. Read More


Republicans Leading Generic Ballot for First Time in 2018

Poll: GOP gains on generic ballot, Trump approval ticks upward By STEVEN SHEPARD, Politico Playbook Republicans have erased the Democratic advantage on the generic congressional ballot in a new POLITICO/Morning Consult poll that, for the first time since April, also shows President Donald Trump’s approval rating equaling the percentage of voters who disapprove of his job performance. Read More


Ohio Right to Life PAC Endorses DeWine for Governor

Leading Pro-life Advocacy Group Announces Endorsement for Governor’s Race COLUMBUS, Ohio–Today, the Ohio Right to Life PAC announced its endorsement of Mike DeWine for governor of the state of Ohio. Read More


In Ohio, Trump offers a preview of the GOP's 2018 campaign strategy

President Donald Trump on Monday offered the country a preview of the Republican 2018 campaign strategy. Firstly, hammer congressional Democrats for not supporting the GOP tax bill; secondly, tie them to House Minority Leader Nancy Pelosi, D-Calif. Trump also acknowledged that Republicans face an uphill climb this year, given historic election trends. Read More


U.S. adds 200,000 jobs with wage growth fastest in more than 8 years

The numbers: The U.S. created 200,000 new jobs in the first month of 2018, showing that companies are still hungry to hire more than eight years after an economic expansion began. Even better, worker pay also rose at the fastest yearly pace since 2009. The increase in hiring exceeded Wall Street’s forecast. Economists polled by MarketWatch had predicted a 190,000 increase in nonfarm jobs. Unemployment remained at a 17-year low of 4.1%, the government said Friday. The big news is rising worker pay. Average hourly wages jumped 9 cents, or 0.3%, to $26.74. That pushed the yearly increase to 2.9% from 2.6%, marking the highest level since the end of the Great Recession in June 2009. What happened: Hiring bounced back in January after a milder gain in December. Construction companies added 36,000 jobs, restaurants took on 31,000 new workers and health-care firms increased payrolls by 21,000. Manufacturers even increased employment by 15,000 despite glaring shortages of skilled labor. Employment in most other industries was little changed. Over the last three months, the U.S. gained an average of 192,000 new jobs. That’s a touch faster than the 181,000 monthly average for 2017. The best news, though, is what appears to be a long-anticipated increase in wages. Until very recently worker pay had risen slowly, trailing well below the 3% to 4% gains typically seen at the peak of an economic expansion. A couple of caveats, though: The time workers put on the job last month fell 0.2 hours to 34.3 hours, likely contributing to the uptick in pay. Many of the people who worked less also get paid less. At the same time, some 18 states raised minimum wages in January and that likely added to the increase in pay. Past increases in the minimum wage, however, have usually not had a huge impact. Still, other measures of compensation also suggest the tightest labor market in almost two decades is finally forcing companies to pay employees more. See:Worker compensation hits nearly 3-year high, ECI shows Big picture: The economy is closing in on its ninth year of expansion and it’s expected to keep chugging along in President Trump’s second year in office. Unemployment is likely to dip below 4% for the first time since 2000 and the Trump tax cuts are giving the economy a big dose of fresh stimulus. The biggest worry among businesses is a shortage of skilled workers. Dan North, chief economist at Euler Hermes North America, says many manufacturers are desperate enough to hire unskilled workers at low wages and train them. Some are even willing to hire people with criminal records who would have been screened out in the past. The big worry for the Federal Reserve, on the other hand, is that an ultra-tight labor market will stoke inflation and force the central bank to raise interest rates more aggressively, an outcome that could hurt U.S. growth. So far there’s little evidence to suggest a big upswing in inflation, however. Read online here. Read More


Tax bill beginning to deliver bigger paychecks to workers

By: SARAH SKIDMORE SELL, AP The contentious tax overhaul is beginning to deliver a change that many will welcome — bigger paychecks. Workers are starting to see more take-home pay as employers implement the new withholding guidelines from the IRS, which dictate how much employers withhold from pay for federal taxes. Those whose checks have remained the same shouldn’t fret — employers have until Feb. 15 to make the changes. Treasury Secretary Steven Mnuchin has estimated that the new rules will mean more take-home pay for about 90 percent of American workers. How much extra cash? It depends on several factors, such as workers’ income, how often they are paid and the number of withholdings allowances they claim on their IRS Form W-4 with their employer. Those whose employers were quick to make the change welcomed the extra money — anywhere from a few dollars to a few hundred dollars. Wayne Love, who works in managed care in Spring Hill, Florida, got an extra $200 in his paycheck last week, which he said will help offset a $300 increase in the cost of his health insurance. “I have heard time and again that the middle class is getting crumbs, but I’ll take it!” Love said by email. Read more here. Read More


300 companies that Sherrod Brown said would never give tax cut bonuses are giving tax cut bonuses

300 firms giving tax cut bonus, Costco dismisses Pelosi's 'crumbs' attack By: Paul Bedard, Washington Examiner February 1, 2018 The number of companies offering employees higher wages, expanded insurance and retirement benefits and cash bonuses up to $3,000 has surged to about 300 as more see benefits from the new GOP tax cuts. The payouts, praised by President Trump, are going to some 3 million employees. Not only are companies crediting Trump in their announcements, one major employer, Costco, disputed Democratic sneers that the bonuses are “crumbs” and hide bigger profits. During a shareholders meeting this week, Costco chief Craig Jelinek said the attack by House Minority Leader Nancy Pelosi was not “thoughtful.” According to the National Center for Public Policy Research, the comments came in response to a question from their counsel Justin Danhof. What’s more, said Danhof, Jelinek said that critics were just “throwing stuff out there.” The Costco executive noted that the wholesaler pays higher than average wages and added that the tax cuts may benefit customers. The growing list of companies paying so-called “Trump bonuses” is at 297, according to list keeper Americans for Tax Reform and ATR Vice President John Kartch. Click Here To Read The Full Article.   Read More


Local welder to be first lady’s guest at State of the Union

By: Lynn Hulsey - Staff Writer, Dayton Daily News Corey Adams, a local welder at Staub Manufacturing Solutions in Harrison Twp., will be a guest of first lady Melania Trump at the State of the Union address Tuesday night. Adams, of Huber Heights, has worked for the company for more than eight years, according to a profile of him at industryweek.com. “During 2017, Corey and his wife were able to become first-time homeowners, and they will invest their extra money from tax reform into their two daughters’ education savings,” according to the official statement from the White House. Steve Staub, co-owner of Staub, met with President Donald Trump at the White House last April as part of a “listening session” for small businesses. “It was neat to have that small a group,” Staub said, recalling the meeting. Small manufacturers should be heard, Staub said. Most manufacturers are relatively small companies, with fewer than 50 employees. Staub has 28 employees. It wasn’t the first time Staub had met Trump. Staub and his sister Sandy Keplinger, who is a company vice president and co-owner, hosted Trump in September during the presidential campaign. When he visited last year, Staub said Trump asked detailed questions about the company’s equipment, including its laser-cutting machinery.   Read More


USA Today Fact check: Democrats are repeating a misleading talking point about tax cuts

By: Lori Robertson, FactCheck.org, Published in USA Today The Republican tax plan was signed into law just last month, and Democrats already have a well-worn — and misleading — talking point about it: 83% of the tax cuts go to the wealthiest 1%. That’s true for 2027 but only because most of the individual income tax changes expire by then. Read More


ICYMI: Youngstown voters say POTUS first year "better than I ever would have dreamt."

CNN Focus Group Of Trump Supporters: "Better Than I Ever Would Have Dreamt" Trump supporters speak with CNN's Martin Savidge about their thoughts on the President's progress and performance a year into office. The panel included two white males, a black woman, a white woman and a black male from Youngstown, Ohio. They range from pastor to student to machine worker. All panelists agreed that immigration was a huge issue to them. Read more here. Read More