COLUMBUS, OH – Donald Trump and Washington Republicans’ economic policies are devastating Ohio families, with a new analysis emphasizing that under their spending bill, Ohio will lose more than 50,000 jobs – the eighth most jobs lost of any state in the country – and more than $5B from the state economy by 2029. This new analysis is also making clear that while Trump and Washington Republicans are implementing massive cuts to Medicaid and SNAP food assistance, and costing Ohio billions in federal funding, “Trump’s signature law gave huge tax cuts to the richest Americans,” and “amounted to yet another upward redistribution of wealth.”

“Ohioans don’t need another analysis to tell them what they already know – thanks to Trump and Washington Republicans’ harmful economic policies, costs are skyrocketing, healthcare is getting more expensive and jobs in Ohio are going away while the rich get more tax breaks,” said Ohio Democratic Party Communications Director Marisa Nahem. “Ohio Republicans up and down the ballot are going to have to own the fact that their policies are costing Ohio tens of thousands of jobs and billions of dollars, and ripping away healthcare from families, and Ohioans are going to hold them accountable for it in November.”

Read more from Ohio Capital Journal about how President Trump and Washington Republicans are ripping healthcare from Ohio families, raising costs for Ohioans, taking away jobs, and forcing Ohio to lose billions from the state economy:

Ohio Capital Journal: Ohio will lose 51,000 jobs, $5.3 billion due to Trump cuts by 2029, new analysis finds

• Ohio will lose 51,000 jobs and $5.3 billion from the state economy in 2029, according to a new analysis. 
• That’s the effect that cuts to Medicaid and food assistance under a massive 2025 spending law will have when they’re fully phased in. It’s also the consequence of Republicans allowing Affordable Care Act subsidies to expire at the end of the last year, according to a Commonwealth Fund analysis which was published last week.
• When Congress allowed them to expire, most of the 600,000 Ohioans who bought insurance on the exchanges saw premiums for their plans double. That prompted many to drop down to cheaper, lower-quality plans and many more to leave the marketplace altogether. KFF reports that Ohio enrollment was down 20% this year.
• The legislation cut more than $900 billion over 10 years from Medicaid. It also cut $187 billion from the Supplemental Nutrition Assistance Program, commonly known as food stamps or EBT.
• Along with deep cuts to the safety net, Trump’s signature law gave huge tax cuts to the richest Americans. The Commonwealth Fund analysis said it amounted to yet another upward redistribution of wealth.
• “Under (the Trump spending law), cuts to health and nutrition programs largely harm Americans with lower incomes, while tax cuts primarily benefit those with higher incomes,” it said.
• “The (Congressional Budget Office) estimates that Americans in with lowest 10% of incomes will lose about $1,200 per year (3.1% of their incomes), while those with the top 10% of incomes will gain $13,600 per year (2.7% of their incomes). Other analyses reached similar conclusions.”
• The cuts won’t just harm low-income Americans, the analysis said, they’ll damage entire state economies. It’s a consequence of taking away huge streams of funding for healthcare and food.
• “In 2029, federal Medicaid funding will drop by $90.9 billion, causing state GDPs to fall by $118.5 billion,” it said.
• “Medicaid cuts also mean 996,000 fewer jobs nationwide in 2029, half of which will be health-related, including in hospitals, clinics, pharmacies, or nursing homes. States with the largest job losses include California, New York, Pennsylvania, Illinois, Texas, Arizona, Ohio, and Michigan, which lose between 150,200 and 36,600 jobs.”
• It projected that Ohio will lose the eighth-most jobs — 51,200.
• It also said the state will lose $4.4 billion in federal funding, thereby reducing state GDP by $5.4 billion and state and local revenue collection by $368 million.

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