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August 7, 2020, 4:30-6:00pm
Senator Rob Portman’s Office, 37 West Broad Street, Columbus, Ohio
On Friday, August 7, 2020, if no reasonable agreement is extended to the Federal Pandemic Unemployment Insurance, a group of concerned Ohio citizens will gather outside Senator Rob Portman‘s Columbus office. We will tell the Senator and the rest of the political establishment that we need to #savethe600! Hundreds of thousands of Ohioans are out of work from the crushing combination of a global pandemic and a collapsing economy that was already rigged to benefit the richest of the rich.
“Cutting off the $600 boost to unemployment benefits would be both cruel and bad economics.” Economic Policy Institute
Key takeaways:
“Average boost to Ohio personal income $15,784, Ohio’s GDP 3.4%, and 129,599 jobs (2.3%) from extending $600 UI benefit, August 2020 to July 2021.” EPI asserts the extension would increase Ohio GDP 3.4% and maintain 129,599 job or 2.3% of Ohio’s workforce.
“Bureau of Economic Analysis (BEA) released data on personal income showing that the extra $600 in weekly unemployment insurance (UI) benefits—expired on July 31- boosted incomes by $842 billion in May (expressed at an annualized rate).”
“We estimate that extending the $600 UI benefits through the middle of 2021 would provide an average quarterly boost to gross domestic product (GDP) of 3.7% and employment of 5.1 million workers.”
People's lives are hanging in the balance. The economy stands on the edge of an even deeper collapse if these benefits are not restored. If we don’t act now, it isn’t just the unemployed families who will suffer. It will be every single person in the US. The time is come to unite together and stand up to say with one voice: #WeAreTheEconomy
Strict adherence to social distancing and mask wearing will be mandatory!
