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 Ohio business leaders told us that our tax structure was outdated and made the state uncompetitive.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.
>>But how can you account for Granholm?<<
She is the Tin Man.

To be added to the Ohio Ping List, please freepmail (works best) both TonyRo76 and LasVegasDave.
Ooops missed the rest
“and the Scarecrow rolled into one. No heart, no brains.”
John Kasich is running for governor in 2010 and he recently suggested that the income tax be repealed.
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.
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.
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.
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.
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.
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.
Welcome back! Need to change the CA flag on your ‘about’ page.
Apparently the RINOs took over, and then were replaced by Democrats. That's rather like what happened in Illinois.
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.
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.
It depends entirely upon the region or city.
Sounds like Rendell could learn a thing or two from Ohio.
Workers looking for reasons for Ohios 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.
Well some seem to see the figures differently than our illustrious Governor.
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.
Rhodes was governor when my family left Ohio. He was a good guy.
It's quite true: Democrat Ted Strickland has proven so far to be a vastly superior governor to Republican Bob Taft.
To those outside Ohio, it's not easy to describe just how abysmally horrible the previous guv was. Taft, a Repub in name only!, cruised into office on his family's namethen proceeded over the course of eight long years to destroy every last ounce of respect he, his family's reputation, and his party ever had in Ohio. He governed as a Big Gubmint, good-ol-boy, business-as-usual Leftist. His administration was corrupt and inbred.
In a word, Taft was just the kind of "Republican" whose @SS Sarah Pain takes pleasure in kicking!
By comparison, Ted Strickland has been a breath of fresh air. His administration is pretty transparent. He got rid of that corrupt doofus AG, fellow Dem Marc Dann. Supporting generally pro-business policies, not raising taxes, and championing our rights under the Second Amendment, ol Ted has shown himself a most worthy chief executive for the Buckeye State. His blasting Obama going into the latter's convention was just icing on the cake.
Never thought I'd hear myself lavish such praise on any Democrat (post-Grover Cleveland era) but again... Strange times!
But hey...to an entrenched, power-brokering, backroom-dealing, tax-hiking, country-club RINO like Taft, I bet an encounter with the lovely Governor of Alaska would be kinda painful, for sure.
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.
Bump!
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