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 ...
"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 Ohio business leaders told us that our tax structure was outdated and made the state uncompetitive.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.
OHIO PING
What do those in Ohio itself have to say about this?
"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
"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
"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
Becky and I are having the best year we ever had,if you have some skills and are willing to work-no problem.
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.
It doesn’t take much for a tax and spend Democrat to beat a tax and spend Republican.
"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
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.
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?
At least some (maybe all?) of these tax cuts started phasing in before Strickland got in.
"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
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.
"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
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
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.
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