How To Shore Up Ohio's Budget Problem

[Dan Moadus]

That amounts to a tax increase (for some), and increasing taxes won't do much to attract new business to the State. It will be counter productive. Take a look at Labron James. I'll bet part of his decision to leave was that Florida doesn't tax income as does Ohio. No small thing when your income is in the millions.

Also note that all the "big tax" states such as California are bankrupt. Taxation is not the answer.

[irishbobcat]

Close Tax Loopholes, Dan....

[Dan Moadus]

We must reduce tax expenditures, which cost Ohio over $ 7 billion dollars a year.

Dennis, what does this statement of yours mean?

[Rick Rowlands]

Every other "Green Party" position statement says "we must invest" government money in all sorts of utopian ideas.  Now they are saying that they will reduce expenditures.  I'm soooooo very confused.  To spend more money while spending less money.  Maybe they should call themselves the Green Utopian Magician Party!

[irishbobcat]

How To Shore Up Ohio's Budget Problem

To fix Ohio's looming budget problem we must focus on three areas: New Tax Revenue, Reduced Tax Expenditures, and Reduced Programmatic Expenditures.

We must reinstate the upper bracket personal income tax rate of 7.5%, which would generate $900 million dollars.

We must increase the CAT tax by .08%, which would cover the estimated General Revenue Fund subsideries to schools and local governments and raise over $400 million dollars.

We must reduce tax expenditures, which cost Ohio over $ 7 billion dollars a year.

We must also reduce expenditures, which could also save millions over the biennium.

A Green Party Governor can call for these changes. Ted Strickland and John Kasich won't.