Fixing Ohio
From the Wall Street Journal:
BY KENNETH BLACKWELL AND ARTHUR B. LAFFER
Thursday, July 21, 2005 12:01 a.m. EDT
COLUMBUS, Ohio--In 1970, Ohio had one of the lowest tax burdens in the Union--it now has one of the highest. As of 2005, the state's tax burden, as estimated by the Tax Foundation, is 35.8% higher than it was in 1970, the largest increase in the nation over this period. The next largest, 26.5% in Arkansas, was far smaller, and the average increase in the U.S. tax burden was just 3.1%. Over the past decade alone, Ohio's state and local government direct spending per $1,000 of personal income has risen 19.6%, by far the highest such spending growth in the region and light years beyond the 6.8% figure for all states. To finance this expansion, higher taxes have come along hand-in-hand. The consequences have been harsh.
An excellent article on what has gone wrong in Ohio and how to fix it.
BY KENNETH BLACKWELL AND ARTHUR B. LAFFER
Thursday, July 21, 2005 12:01 a.m. EDT
COLUMBUS, Ohio--In 1970, Ohio had one of the lowest tax burdens in the Union--it now has one of the highest. As of 2005, the state's tax burden, as estimated by the Tax Foundation, is 35.8% higher than it was in 1970, the largest increase in the nation over this period. The next largest, 26.5% in Arkansas, was far smaller, and the average increase in the U.S. tax burden was just 3.1%. Over the past decade alone, Ohio's state and local government direct spending per $1,000 of personal income has risen 19.6%, by far the highest such spending growth in the region and light years beyond the 6.8% figure for all states. To finance this expansion, higher taxes have come along hand-in-hand. The consequences have been harsh.
An excellent article on what has gone wrong in Ohio and how to fix it.