Newark Advocate says give it a try
Wednesday, August 27th, 2008The Newark Advocate weighs in today on the Buckeye Institute’s proposal to phase out the state income tax. Here is their morning editorial:
Newark Advocate
August 27, 2008Editorial
Tax talk is worth the price for now
A few weeks back, some in the state legislature suggested looking into eliminating the state income tax as a way to keep people and income in the state, as well as attract new people to Ohio to spur growth. Now comes the conservative think tank Buckeye Institute with the suggestion that it’s worth taking a look at the idea.
On its face it sounds like a lark. Regardless of how one feels about taxes, along with one other thing in life, they are certain. Government must exist, and it must be funded, and that means taxes. But taxes can be approached in different ways, and some are better than others.
The reason it’s been brought up is that Ohio needs to right its course. As one of the rustbelt states, it has struggled for years, in good times and bad, with a changing economy heading away from manufacturing and toward services. And now, the times aren’t so great.
With a struggling economy comes the loss of people who leave the state either in search of a replacement for a lost job or for a new job. Along with the weakened political clout that follows population loss, so to do we lose what could be their contribution to a growing state economy.So, why not take a close look at eliminating the state income tax? (more…)
