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Don't Believe the Doomsayers. Ohio's Economy Is Doing Fine.
The Wallstreet Journal ^ | September 6, 2008 | By TED STRICKLAND and LEE FISHER

Posted on 09/06/2008 5:47:03 PM PDT by Forgiven_Sinner

Ohio is going to be a hard fought-over state in this presidential election. And consequently, the economy of this bellwether state has become highly scrutinized.

. . .

By 2010, Ohio will be one of only two states without a general tax on corporation profits or a property tax on business machinery, equipment and inventories. This year is the last for Ohio's business property tax; next year is the last for the corporation profits tax. And Ohio's personal income tax rates are falling by 21% across the board.

Between 2005 and 2007, Ohio's per capita state tax burden has already fallen to 38th in the nation, from 27th, according to the Federation for Tax Administrators. When the new tax cuts are phased in, Ohio's business taxes will be the lowest in the Midwest.

Exports, meanwhile, are booming. In 2007, Buckeye State exports totaled more than $42 billion, up 11.1% from 2006, making Ohio the only state in which exports have increased each year since 1998.

. . .

Ohio recently passed a bipartisan $1.57 billion jobs stimulus plan that will invest strategically in our infrastructure, future work force and growth industries such as biosciences and renewable energy. Our new Advanced Energy Portfolio Standard requires at least 25% of electricity sold in Ohio to be generated from new and advanced technologies by 2025. This will create vast new opportunities for green energy businesses in Ohio.

. . .

Ohio now leads the Midwest in the growth of venture capital investments in the biosciences; we rank first nationally in per capita clinical trials and operate the largest center for stem cell and regenerative medicine between the coasts. . . .

Mr. Strickland, a Democrat, is governor of Ohio. Mr. Fisher, a Democrat, is lieutenant governor of Ohio.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Extended News; News/Current Events; US: Ohio
KEYWORDS: economy; governor; oh2008; ohio; taxes
Interesting article by the Democratic governor and Lt. Governor of Ohio. Here's a key quote:

"The biggest shift is in taxes. Ohio business leaders told us that our tax structure was outdated and made the state uncompetitive. So, in a bipartisan manner, we restructured our tax laws to lower the burden for business."

I had heard that Ohio was dying due to high taxes and stifling union rules, supported by the Democrat politicians. If what these politicians say is true, it sounds like they're doing the right things.

Ohio Freepers: What do you say? I'm a former Buckeye, but I've been out of the state for 20 years.

1 posted on 09/06/2008 5:47:03 PM PDT by Forgiven_Sinner
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To: LS

OHIO PING


2 posted on 09/06/2008 5:49:25 PM PDT by Perdogg (Maverick - Barracuda 2008)
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To: Las Vegas Dave; TonyRo76; NeoCaveman; Farmer Dean; Molly Pitcher

What do those in Ohio itself have to say about this?


3 posted on 09/06/2008 5:50:18 PM PDT by Clintonfatigued (If Islam conquers the world, the Earth will be at peace because the human race will be killed off.)
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To: Forgiven_Sinner
A small government Democrat? If they had nominated Strickland instead of Obama, the polls would probably be different today. The deranged Left won't learn though!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

4 posted on 09/06/2008 5:50:27 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Perdogg
When I think of RINO Taft, those two are very good for Ohio! The national Democratic Party should have paid attention but haven't. Its loss!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

5 posted on 09/06/2008 5:52:07 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Forgiven_Sinner
Democrats calling for growth instead of doom and gloom! Interesting!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

6 posted on 09/06/2008 5:53:38 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Clintonfatigued

Becky and I are having the best year we ever had,if you have some skills and are willing to work-no problem.


7 posted on 09/06/2008 5:54:25 PM PDT by Farmer Dean (168 grains of instant conflict resolution)
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To: Forgiven_Sinner
I frequently check the online newspaper of the small Ohio town where I grew up. Today they have a poll to vote for President. This town is just north of Dayton. McCain/Palin are leading with 63%. Obama/Biden have 26%. I will monitor this for the next few weeks and let you know. I just know Ohioans are smarter than to buy into Obama’s radical Leftist politics.
8 posted on 09/06/2008 5:55:25 PM PDT by originalbuckeye
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To: goldstategop

Says an awful lot that the RAT Governor Strickland is better than RINO Taft. Taft did his best to single-handedly destroy the GOP in Ohio.


9 posted on 09/06/2008 5:55:40 PM PDT by comebacknewt
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To: Farmer Dean
Keep working. Millions on welfare, Section 8, disability, SSI are depending on you!
10 posted on 09/06/2008 5:57:18 PM PDT by Leisler
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To: comebacknewt

It doesn’t take much for a tax and spend Democrat to beat a tax and spend Republican.


11 posted on 09/06/2008 5:58:37 PM PDT by Leisler
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To: Leisler
I don't care who gets the credit for shrinking government as long as it done. The national Dems blow a big opportunity to actually to cut taxes and spending.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

12 posted on 09/06/2008 6:01:59 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Forgiven_Sinner

I noticed some of those “qualifier” (read: weasel) words like reduced “general” corporate taxes rather than a more definitive statement. Happy to be proven wrong, though, as I am hopeful for the Buckeye State.


13 posted on 09/06/2008 6:03:52 PM PDT by paddles
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To: Forgiven_Sinner

It is curious that Dem governors like Stickland and David Patterson are turning up. It shows that the Dems are not totally suicidal.

But how can you account for Granholm?


14 posted on 09/06/2008 6:05:35 PM PDT by proxy_user
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To: goldstategop
Democrats calling for growth instead of doom and gloom! Interesting!

At least some (maybe all?) of these tax cuts started phasing in before Strickland got in.

15 posted on 09/06/2008 6:11:15 PM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: proxy_user
I don't know. Some like Strickland have a lick of common sense and realize to make their state competitive, taxes and government growth have to be reduced. Others like Granholm, are stuck in the big government New Deal mindset and strangle their state with higher taxes, more bureaucracy and stifling regulation. The Democrats are still on Granholm's suicidal path. We don't know when their party will wake up and rejoin the American mainstream.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

16 posted on 09/06/2008 6:13:21 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop

Politics of Fear!

Worst economy in ____ years.
Unemployment, Home foreclosures, Polar Bears are drowning.

The problem is that when there is non-stop hammering on these fabricated fears that the dem’s have. Folks start to believe it. Self full filling prophecy.

It seems that I recall something about them complaining about Bush / Cheney mentioning the down turn in the economy back in 2000.
They must have forgotten.


17 posted on 09/06/2008 6:14:11 PM PDT by BigSkyDream
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To: Right Wing Assault
Yeah but they embrace these tax cuts. The national Democrats are addicted to higher taxes, more spending and making the mammoth federal bureaucracy bigger. As I said, they have to decide if they can continue to be that kind of party, for its a vision for the country the American people reject.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

18 posted on 09/06/2008 6:15:41 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop

I lived in NE Ohio my whole life (I’m 62)and moved to SC last October because I could not make a decent living and I couldn’t stand the weather. Needless to say, I don’t think Ohio is on the path to greatness.....it is a depressing economy and a depressing grey state


19 posted on 09/06/2008 6:23:10 PM PDT by estrogen (No Obama please Lord)
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To: Forgiven_Sinner

The inner cities in Ohio are in ruins. The rest of us are doing just fine. Obama isn’t going to win by pulling the inner cities in Ohio.


20 posted on 09/06/2008 6:23:17 PM PDT by gotribe (The right pick!)
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To: proxy_user

>>But how can you account for Granholm?<<

She is the Tin Man.


21 posted on 09/06/2008 6:24:13 PM PDT by netmilsmom (An Obama win? Move to AK, secede, drill, drill, drill!!!!!!)
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To: Clintonfatigued; Perdogg; ADemocratNoMore; Akron Al; arbee4bush; Badeye; Bikers4Bush; ...

Ohio Ping!

To be added to the Ohio Ping List, please freepmail (works best) both TonyRo76 and LasVegasDave.


22 posted on 09/06/2008 6:26:33 PM PDT by Las Vegas Dave ("McCain-Palin 2008"- Because the other option would be unthinkable.)
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To: proxy_user

Ooops missed the rest

“and the Scarecrow rolled into one. No heart, no brains.”


23 posted on 09/06/2008 6:27:12 PM PDT by netmilsmom (An Obama win? Move to AK, secede, drill, drill, drill!!!!!!)
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To: Forgiven_Sinner
The tax cuts Strickland mentions were passed under Taft and the Replican-controlled statehouse.

John Kasich is running for governor in 2010 and he recently suggested that the income tax be repealed.

24 posted on 09/06/2008 6:29:49 PM PDT by Loyal Buckeye
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To: comebacknewt
Says an awful lot that the RAT Governor Strickland is better than RINO Taft. Taft did his best to single-handedly destroy the GOP in Ohio.

Strickland has done a fantastic job for a Democrat Governor and has done more for Ohio in his first year than Bob Shaft did his entire tenure. For the first time in my life I may actually vote for a Democrat for Governor, Strickland, during the next election cycle. Obama is a fool for not choosing him as his VP but hey...

McCain/Palin 08!
25 posted on 09/06/2008 6:35:53 PM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: estrogen
a depressing grey state

I've lived here for as long as you did. I don't find the state depressing. The winters, November through mid-March, have a lot less sun than summer. This is true of all the cities and states around the Great Lakes. I don't find winter depressing. In fact, I love cold and snow. The summers are usually nice. Often humid, but not beastly hot as the south. I think the high this summer in Cleveland has been 91 a couple times and a couple other days at 90. And, we don't get too many hurricanes.

So, maybe it's partly in the eye of the beholder.

26 posted on 09/06/2008 6:49:14 PM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: Forgiven_Sinner

This seems to be kind of a slap at Obama. I mean, he’s probably going to Ohio and preaching on the failed policies of Bush and how only he can fix things up there in Ohio. Now a couple of dems there say it ain’t so.

I left NE Ohio a year ago. The winters were getting longer and longer. Maybe it’s global cooling.


27 posted on 09/06/2008 6:58:07 PM PDT by Need4Truth
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To: Right Wing Assault

Just moved back to the midwest (Indiana) from California. Winter was great, I love the grey skies. Much easier on the eyes than all that sunshine.

Seriously, I got tired of the unending blue skies. It was oppressive having to constantly cover my eyes from the sun.


28 posted on 09/06/2008 7:00:30 PM PDT by glorgau
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To: All

In answer to the question, yes, Strickland tries hard. He was a good congressman, much constituent service, is pro gun and down to earth. He’s the bloke who carried Kerry’s Canada goose out of the wild in the famous huntin’ photo. He is much better than Taft who was a moron and a disgrace to the office and his party.

But Lt Gov Fisher who also serves as Director of Development is just a smoke and mirrors guy who has taken funds for economic development and job creation and larded up the state jobs with political hacks. He has bamboozled Strickland into thinking he is a genius, when Ted should just follow his own good instincts.


29 posted on 09/06/2008 7:15:38 PM PDT by shalom aleichem
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To: Forgiven_Sinner

Back in ‘06, to keep Blackwell’s tax reduction off the ballot as an issue, the legislature voted in these tax caps and reductions. We don’t have Ted Strickland or Lee Fisher to thank for them, it was Ken Blackwell’s baby, as passed by the legislature and signed by Bob Taft.


30 posted on 09/06/2008 7:22:42 PM PDT by mak5
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To: Forgiven_Sinner
Between 2005 and 2007, Ohio's per capita state tax burden has already fallen to 38th in the nation, from 27th, according to the Federation for Tax Administrators. When the new tax cuts are phased in, Ohio's business taxes will be the lowest in the Midwest.

I just moved from Ohio back to Tennessee. I will save about $5000 in state and local taxes. I'm glad that Strickland is trying to deal with this issue, but Ohio's taxes are way out of control. They have a state income tax - Tennessee does not. They have local income taxes - Tennessee does not. My property tax in Ohio was 2.5 times what I pay in Tennessee.

I think that he's not telling the whole tax story. Perhaps he's excluding county and municipality taxes and fees. And gasoline taxes (which are about 10 cents/gallon higher in Ohio than in Tennessee). At any rate, I'm doing much better in tax terms in Tennessee than I was in Ohio.

The only tax that's higher in Tennessee is the sales tax, but the difference isn't all that big.

31 posted on 09/06/2008 7:27:00 PM PDT by meyer (Go, Sarah, Go!!)
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To: glorgau

Welcome back! Need to change the CA flag on your ‘about’ page.


32 posted on 09/06/2008 7:32:31 PM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: meyer
Thanks to all for giving the low down on Ohio. I was born a Clevelander, and lived there 32 years, till I was laid off in 1988. My last knowledge of the state politically was when it was governed by Voinovich, who I believe did a better job at governor than he does as Senator.

Apparently the RINOs took over, and then were replaced by Democrats. That's rather like what happened in Illinois.

33 posted on 09/06/2008 8:06:40 PM PDT by Forgiven_Sinner (For God so loved the world, that He gave His only Son that whosoever believes in Him should not die)
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To: Perdogg

Yeah, well, for the first time EVER, I know three people who have lost their jobs in completely different lines of work in the last year.


34 posted on 09/06/2008 8:29:14 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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To: Clintonfatigued
First, the state's INCOME tax is 6.5%, very high. So that's still killing job relocation, even if business taxes have come down.

Second, it's absolutely true that Strickland has governed far more like a Republican than Taft ever did. He signed the concealed carry law, he torpedoed the recent "sick leave" initiative---saying he wouldn't support it. Aside from killing some charter schools, it's really hard to complain about him.

35 posted on 09/06/2008 8:31:40 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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To: Forgiven_Sinner

It depends entirely upon the region or city.


36 posted on 09/06/2008 8:39:35 PM PDT by JavaJumpy (Shame on you CNN. You should be mortified at your so-called journalistic skills.)
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To: Forgiven_Sinner

Sounds like Rendell could learn a thing or two from Ohio.


37 posted on 09/06/2008 8:42:21 PM PDT by linn37 (Hail Me, Obama or be cast into the fiery pits of eternal damnation!")
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To: Forgiven_Sinner; Perdogg; Las Vegas Dave; TonyRo76; NeoCaveman; Farmer Dean; Molly Pitcher; ...
What is the difference between Ohio and Texas? According to the Tax Foundation, Ohio's state and local tax burden has risen from 8.2% in 1970 when the state ranked 47th among the states in tax burden to 12.4% in 2007 when it ranked as the 5th highest taxed state in the country. Texas on the other hand ranked 49th in 1970 and 46th in 2007 with a level of 9.3% in state and local tax burden.[7]

Workers looking for reasons for Ohio’s anemic job market need look no further than the State House where our legislators have been perpetuating the high tax, high regulation policies that have made the state a very bad place to do business.

Ohio and NAFTA Revisited

Well some seem to see the figures differently than our illustrious Governor.

38 posted on 09/07/2008 2:51:41 AM PDT by Pontiac (Your message here.)
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To: Pontiac

We need another Jim Rhodes whose motto was, “Profit is not a dirty word in Ohio.” A different era.

That’s Cleveland’s problem. Those businesses that want to make a profit are not welcome.


39 posted on 09/07/2008 5:13:55 AM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: Right Wing Assault

Rhodes was governor when my family left Ohio. He was a good guy.


40 posted on 09/07/2008 8:05:55 AM PDT by originalbuckeye
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Comment #41 Removed by Moderator

Comment #42 Removed by Moderator

To: TonyRo76

Tony: yeah, pretty amazing isn’t it? I can’t imagine that Ken Blackwell could have done much differently. And Strickland knew not to sign on to the S.S. Obama, because he didn’t want to end up in the water.


43 posted on 09/07/2008 5:02:07 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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Comment #44 Removed by Moderator

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