The Ohio economy depends on an affordable and reliable supply of electricity. Electricity literally powers modern life for Ohioans as we boot up our computers at the office, charge our phones, and crank up the air conditioning on hot summer days. It’s also a key input for manufacturers, which still make up nearly one-fifth of Ohio’s economy and provide hundreds of thousands of Ohioans with good jobs. Manufacturers typically face tough global competition, and rising electricity prices can contribute to a plant cutting its operations—or even closing.
Ohio has aging water and sewer systems that are constantly in need of repair and many need to be replaced. Unfortunately, some localities are limiting competition by requiring the pipes be made of a more expensive material, when it would be in taxpayer’s interest to consider all materials that are deemed safe.
Columbus, OH – Today, The Buckeye Institute released its latest policy brief, Building a Better Future: An Analysis of Ohio’s Tax and Spending Policies, which looks at the tax and spending policies Governor John Kasich and the Ohio General Assembly have adopted since 2013 and their impact on Ohio’s economic growth.
Ohio has two nuclear power plants. Both the Davis-Besse and the Perry nuclear plants are owned and operated by FirstEnergy. Both plants are failing. FirstEnergy’s latest proposal to save the plants, the ZEN program, calls for more government subsidies and higher costs for local electricity consumers. The better course would be to maintain free and competitive energy markets, even if it means that Ohio loses two unprofitable nuclear plants.
New Buckeye Institute and Tax Foundation Book Illustrates That Ohio’s Tax System is in Need of Reform
Columbus, OH – A new book released today by The Buckeye Institute and the Tax Foundation, Ohio Illustrated: A Visual Guide to Taxes and the Economy, provides a detailed overview of the state’s economy and tax code and highlights areas where Ohio’s tax system is most in need of reform.
Columbus, OH – A new report, Addressing Louisiana’s Budget Shortfall: Strategies for Growth, released today by The Buckeye Institute’s Economic Research Center, found that Louisiana’s proposal to raise taxes to finance more government spending will hinder economic activity and growth.
Columbus, OH – On Wednesday, The Buckeye Institute released its latest report, Education Savings Accounts: Expanding Education Options for Ohio, by Greg R. Lawson and Lindsey Burke. This timely new research assesses the benefits of educational savings accounts and calls on Ohio policymakers to adopt this innovative tool, which gives parents the ability to pay for the education services that best meet their child’s individual needs, rather than being forced to use a one-size-fits-all model.
Wyoming policymakers face many different decisions on how to change fiscal policy to improve growth or fund the government. Using a dynamic macroeconomic model to simulate the Wyoming economy, this paper examines several different policy scenarios where taxes can be raised or lowered to pay for more or less government spending.