Senator Sherrod Brown’s vote against tax reform is starting to catch up with him. After the historic passage of the Tax Cuts and Jobs Act, more than 100 businesses nationwide have already announced bonuses or pay raises for employees. Ohioans locally are feeling the positive impact following announcements from major U.S. companies with an Ohio presence like PNC Financial Services, as well as Ohio-based Fifth Third Bank and Nationwide Insurance, to name a few.
As Ohio’s middle class continues to see the benefits of this tax bill through more money in their pockets, does Sherrod Brown really still believe voting against it was the right thing for his state?
For more on the Tax Cuts and Jobs Act’s impact in Ohio and states around the country, see the latest from RNC Research.
Senator Sherrod Brown Strongly Opposed The Tax Cuts And Jobs Act Despite The Tangible Benefits For Ohio Residents
Senator Sherrod Brown (D-OH) Spoke Out Against The Tax Cuts And Jobs Act, Accusing Republicans Of "Only Protecting The Rich In Their New Tax Plan." "Sen. Orrin Hatch (R-Utah) unloaded on Sen. Sherrod Brown (D-Ohio) Thursday night after Brown accused Republicans of only protecting the rich in their new tax plan during a Senate Finance Committee hearing. Brown said that the bill provides a tax cut that's 'not really for the middle class, it's for the rich.'" (Jaqueline Thomas, "Senators Hatch, Brown Have Heated Exchange On GOP Tax Plan," The Hill , 11/17/17)
There Are 6,000 AT&T Employees In Ohio. "Approximately 6,000 AT&T employees working in Ohio as of June 30, 2016." ("Jobs And Economic Support," AT&T, Accessed 1/3/18)
PNC Financial Services Has 10 Wealth Management Offices In Ohio. ("Wealth Management And Hawthorn Office Locations," PNC , Accessed 1/3/18)
Employees Of Nationwide Insurance Will Receive "A Big Bonus And An Increase In 401(K) Matching" After The Tax Cuts And Jobs Act Was Signed Into Law. "Employees of Nationwide Insurance found out Wednesday they'll be seeing a big bonus and an increase in 401(k) matching from the company. In an email sent to employees, the company announced it will provide bonuses of $1,000 and increase 401(k) matching from 50 percent on the first 6 percent of employee contribution to 50 percent on the first 7 percent of employee contribution. The company said in a statement the one-time bonus impacts approximately 29,000 front-line associates, managers and individual contributors across the country. The 401(k) action impacts approximately 33,000 associates." ("Nationwide Gives Big Bonuses, Credits Tax Reform," KCCI Des Moines , 1/3/18)
- Nationwide's Corporate Headquarters Is Located In Columbus, Ohio And Is Home To More Than 10,000 Employees. "Columbus, OH Our corporate headquarters is home to more than 10,000 associates." ("Find A Nationwide Office Near You," Nationwide Insurance , Accessed 1/8/17)
Budget and Spending Taxes