Last week, the Center on Budget and Policy Priorities issued a report entitled “Cutting State Personal Income Taxes Won’t Help Small Businesses Create Jobs and May Harm State Economies.”
As the title suggests, the report offers powerful new evidence that Governor Kasich’s proposal to further reduce Ohio’s personal income tax is a misguided approach to job creation. The author compiles years worth of research studies looking at the connection between income taxes and job creation. Included among the report’s findings:
What policies do create jobs and stimulates economic growth, according to the report? Effective, quality government services, especially education and infrastructure, to economic growth. If lawmakers really wants to grow Ohio’s economy, they should stop starving schools and local governments of the resources they need to effective in order to provide another income tax cut that will primarily benefit the wealthy.