April 29, 2015

Policy Matter Ohio: Cutting taxes doesn’t help Ohio economy

ITEP Work in Action

After the General Assembly raised the top income-tax rate to 7.5 percent in 1992 the state generated more than 100,000 jobs in each of the following three years. Compare that with the 25,600 jobs Ohio gained during 2013, the 40,300 in 2012, and the 77,600 in 2011. Tax levels are not the main thing driving job growth, and tax cuts that disproportionately benefit the most affluent Ohioans are especially inappropriate in light of growing inequality.

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