Jobs and the Economy
Creating More Jobs & Higher Wages for Ohio Families
When Senator Portman ran for the Senate in 2010, he campaigned on a jobs plan, a key component of which was tax reform. He promised to help lead an effort to reform our tax code and provide relief to families and small businesses. In the 115th Congress, he delivered on this commitment, and as a result, Ohio companies are responding by creating more jobs, increasing wages, paying bonuses, making additional investments in plants and equipment, and expanding health care and retirement benefits. In addition to tax reform, Portman worked on a number of measures to help create jobs, level the playing field for Ohio workers, and make Ohio businesses more competitive.
Senator Portman played a leading role in helping craft the landmark tax reform that was signed into law on December 22, 2017. Portman worked throughout the process to develop and help improve the bill. Throughout the debate, Portman focused consistently on ensuring that the middle class would get a significant tax cut while also expanding the child tax credit, and he was successful in doing so. Reforms to the business tax code are an essential component of this tax reform law, especially lowering rates for small businesses. These pro-growth reforms are helping to grow our economy, create more jobs, and make America more competitive with our foreign counterparts by leveling the playing field for American companies and workers.
Portman, who is the co-founder of the Senate Career and Technical Education (CTE) Caucus and author of the Education Tomorrow’s Workforce Act, continued his strong support for expanding CTE programs to help close the skills gap and put more Ohioans to work. In July 2018, President Trump signed into law the Strengthening Career and Technical Education for the 21st Century Act, bipartisan legislation to reauthorize the Carl D. Perkins Career and Technical Education Act, which included Portman’s Educating Tomorrow’s Workforce Act. As part of his efforts to close the skills gap, Portman joined Senator Tim Kaine (D-VA) to introduce the bipartisan JOBS Act to help students access training for the 5.5 million vacant jobs that are unfilled in part because of a shortage of qualified workers. He also introduced the bipartisan CTE Excellence and Equity Act to support re-designing the high school experience to include courses more relevant to the 21st century workforce to better prepare students for future careers. Portman also introduced the Creating Quality Technical Educators Act to create a teacher residency grant program to help address the CTE teacher shortage in schools.
Senator Portman’s Stop Taxing Death and Disability Act was included in the historic tax reform bill and ensures that American’s who receive student loan forgiveness as a result of their death or disability, don’t have to pay a sudden, surprise tax on that loan forgiveness.
As part of his efforts to reduce government waste, Senator Portman was successful in passing the Federal Register Printings Savings Act to stop unnecessary and expensive print of the Federal Register, which contains all the regulatory and administrative notices of the federal government.
In Ohio, Portman has held more than two dozen tax reform events in Ohio with local business leaders to hear about the positive results they are seeing from tax reform, and spent time meeting with Ohio businesses and manufacturers.