In the past nineteen years, Ohio’s job market created just over 9,000 jobs per year. Weak job growth like that limits opportunities for Ohioans. Compound that with higher taxes and fees and you get a state with a state and local tax burden the seventh highest in the U.S., and 47th worst tax climate in the country. The only way to spur robust job creation and lower taxes is to eliminate Ohio’s anti-business job policies and reduce the cost of government, contend Matt Mayer and Mary McCleary of the Buckeye Institute in their 2010 State of the State report.
This thorough report examines the economic condition of Ohio and its key drivers: the health of the job market, the overall tax burden, and the cost of government. Ohio’s job market is in sad shape, its tax burden is among the most oppressive in America, and its government budgets far exceed inflation. These three points lead the authors to one conclusion: Ohio must embrace policies that encourage businesses to grow and create jobs.
Click here to read the full report.