For Immediate Release: Oct. 14, 2016
Debate Fact Check: Strickland Put Ohio On The Road To Economic Recovery
COLUMBUS, OH – Just like the dishonest Washington insider that he is, Senator Portman isn’t telling the truth about Ted Strickland: newspapers, fact checkers and economists agree that Ted put Ohio on the road to economic recovery – he balanced every budget, cut taxes for every Ohioan, and by the time Ted left office Ohio was the 5th fastest growing economy in the country.
As President Bush’s Budget Director Portman exploded the deficit by $459 billion and in Congress he voted to increase taxes on the middle class in order to give handouts to his rich and powerful friends.
See the facts for yourself:
PolitiFact: “The Claim That Strickland Destroyed Ohio Jobs Amounts to Political Hyperbole” and is “False.” [PolitiFact,10/19/10]
PolitiFact: Under Strickland, “The Budget Wasn’t Busted, It Was Balanced.” [PolitiFact, 10/19/10]
FactCheck.org: Strickland Did Not Raise Taxes, He Cut Taxes. “The ad falsely claims that Strickland raised taxes by $800 million. Strickland delayed a scheduled tax cut for a year, but his overall record shows net tax cuts.” [FactCheck.org, 5/8/16]
Newark Advocate Editorial: “The Purpose of Ohio’s Rainy Day Fund Is To Stabilize State Government During Times Of Crisis.” “It's also clear the purpose of Ohio's rainy day fund is to stabilize state government during times of crisis, including a steep drop in tax revenue that could have forced massive layoffs of state employees, creating more economic stress. Not to mention the Republican majority in Ohio's General Assembly (Senate only in 2009-10) had to approve the spending.” [Newark Advocate Editorial,7/30/16]
State Funding Expert: “I Wouldn’t Blame A Governor For Spending Budget Stability Funds In A Time When You Need To Stabilize Your Budget.” “Former Gov. Ted Strickland is often criticized for running the fund to nearly empty amid the financial crisis, but at least one state funding expert says that isn't fair. ‘I wouldn't blame a governor for spending budget stability funds in a time when you need to stabilize your budget,’ said Kim Rueben, who directs the state and local finance initiative at the Urban Institute, a think tank in Washington D.C.” [Columbus Business First, 7/29/16]
Strickland Won Site Selection Magazine Governor’s Cup 3 Years In A Row For best State to Locate A Business In. [Site Selection Magazine, Press Release,3/3/08; Site Selection Magazine, Press Release,3/9/09; Site Selection Magazine, Press Release,3/3/10]
Cleveland Plain Dealer: Under Strickland, “Ohio Had The 5th Fastest Growing Economy Of Any State.” “Ohio had the fifth fastest growing economy of any state during the past 12 months, according to the Federal Reserve Bank of Philadelphia, which tracks economic conditions in each state.” [Cleveland Plain Dealer, 11/7/10]
Ohio Economist George Zeller: Ohio’s Recovery Began Under Ted Strickland. [PolitiFact 1/24/13]
Cincinnati Enquirer: “The State’s Recovery Began Under Strickland.” [Cincinnati Enquirer, 7/20/15]
Under Strickland, Ohio Gained $1.2 Billion In Paychecks And Wages Rose By 2.5 Percent. “Ohio gained $1.2 billion in paychecks between the third quarters of 2009 and 2010. That one year increase was 2.5%. The growth in paychecks was widely distributed across Ohio, with 71 of the 88 counties enjoying a one year increase.” [Jobs and Earnings Trends in Ohio Counties – Third Quarter 2010 UpOct. 12, 2016, George Zeller – Economic Research Analyst, May 2011]
Portman Voted For FY 2013 Ryan Budget Plan, Which Provided Millionaire Households A $286,000 Net Tax Cut On Average And Middle Class Households A Tax Increase. “After eliminating the deductions for state and local taxes, mortgage interest and charitable contributions, removing the employer‐provided health insurance exclusion, and taxing 401(k) contributions, the typical household making more than $1 million and filing a joint return will still experience a net reduction in taxes of $286,543 under Ryan’s budget. […] The net effect is that a typical household earning between $50,000 and $100,000 and filing jointly will face a tax increase under the Ryan plan of $1,358, assuming the additional income is taxed at a 10 percent rate.” [U.S. Congress, Joint Economic Committee, Majority Staff, 6/20/12; H.Con.Res. 112, Vote 98, 5/16/12]
Visit www.TedStrickland.com/TruthTeam to learn more.