Income Tax Relief Good for Economy
Some have suggested Ohio Gov. John Kasich’s drive to reduce income taxes is not a comprehensive enough approach to spurring the state’s economy. Perhaps not. Attention also needs to be given to specific aspects of the tax and economic development program.
But targeting specific businesses for tax relief and development spending should not be given precedence over general tax reform. That would amount to picking winners and losers – seldom if ever a good idea for government at any level.
Kasich is right: Providing income tax relief to Ohio families and businesses is the best strategy. After all, the economy is driven by consumer spending.
Allowing Ohioans to keep more of their hard-earned money, rather than sending it to Columbus, would have a multiplier effect benefitting the economy as a whole. The idea should be pursued.