Studies question tax-cut link to new jobs
Posted February 17, 2013 in Press Releases
Governor Kasich’s concept that “tax cuts lead to jobs” has lead to a proposed total tax cut for small businesses of more than 60 percent. Although Kasich’s goal is to encourage job growth, studies by Policy Matters Ohio and others show that
the correlation between income-tax cuts for small-business owners and more jobs is strained at best. At worst, it just shifts the state’s overall tax burden from the wealthy to the working poor and middle class.
According to the article, about 80 percent of Ohio’s 1 million small business owners have no employees beyond the owner, and a 2011 study by University of Chicago economists found that most