Financial Group Says Smart Spending, Not Cutting Taxes, Needed To Boost Ohio Economy

According to data from several organizations, such as labor unions, the state of Ohio is currently behind most of the US in several sectors, such as healthcare and education, key indicators of a state’s performance.

Labor union One Ohio Now says that the tax cuts, which reduces taxes to people holding their Ohio Tax ID number by the billions, have excluded investors, small business owners and sole proprietors from paying their taxes, but has done little to improve the state’s economy, and is actually depriving the state of funds and other resources it could use to develop itself.

The group suggests, alternatively, that the Ohio government make strategic investments in aspects of its operations to improve such as higher education. According to One Ohio Now’s data, the state of Ohio is lagging behind the national average in 13 out of 16 performance indicators.

State Director Gavin DeVore Leonard, One Ohio Now, bluntly states that the state is struggling, clear as day. He does, however, point out, that the issues plaguing the state can be fixed, given that the state is willing to work on it.

Leonard criticized the state’s current income tax policies, which have been in place since 2005, stating that the policies, which have been helpful for a lot of people holding a Ohio Tax ID number, have not really provided hard evidence that they’re helping the state’s economy.

He stresses the aforementioned suggestion, that the state needed to make strategic investments on its education and infrastructure, with the state needing to invest on developments that improve life for everyone in Ohio. He adds that, while these won’t give out immediate results, but they’ll slowly improve the community, and, by extension, the state.

The report, notably, was released a day before Ohio Gov. John Kasich gave his final State of the State speech in Westerville, his hometown.  According to the governor’s speech, the state is supporting the K-12 with record levels of funding.

Leonard, however, says that the data is somewhat erroneous, as inflation means that the state’s K-12 spending is the approximately the same as in 2002, and that education would need at least another $1B to keep up with the rest of the US.