State Rep. Robert F. Hagan will introduce a bill for the sixth time that he says “will shine a spotlight on how corporate citizens prop up employee benefits at taxpayers’ expense.”
Hagan, of Youngstown, D-58th, said Thursday that the bill would require the Ohio Department of Job and Family Services to publish a report showing how much state financial assistance the 50 largest corporations in Ohio receive. The report would be provided to JobsOhio, the Development Services Agency and other state officials so they could understand the full weight of taxpayer subsidies to a company before deciding to hand out more tax dollars, he said.
This comes after a report that showed some of the most profitable companies in the state have large numbers of employees enrolled in public assistance programs such as Medicaid and food stamps.
“Ohioans who have a job that forces them to rely on public assistance are frustrated with an economy that isn’t working for them,” Hagan said. “We’re 44th in job creation, yet some of the most profitable corporations in our state continue to get tax breaks while taxpayers pick up the tab for their employees’ health benefits.”