Ohio must develop a balanced approach for raising revenues, one that least burdens low-income families and the unemployed.
Government spending-on payroll, contracts, and subsidies-can also be a form of economic stimulus that can ease the impact of the recession. John Kasich is wrong when it comes to budget cuts-deep cuts not only hurt people who need assistance-they can make the recession worse.
Ohio must look to raising revenues, even if it involves tax increases to help fill holes in the budget. 11 states raised income taxes in Fiscal Year 2010, including Oregon, which also raised it's corporate income tax. The nonpartisian Oregon Legistlative Reference Office compared the economic impact of the tax increases with the impact of the expenditure reductions that would have been needed to fill the budget gap. The report concluded in the short run, the state would be better off with a tax increase instead of budget cuts. In the long term, the economic effects of a tax increase depended on how increased revenue was spent. Spending on educationa nd infrastructure were likely to raise productivity and have a positive economic impact.
Why Not Ohio? Why must Ohio continue down the same old re-hashed ideas when it comes to economic stability? Ohio needs to follow the leads of other states and create truely new ways of doing business and raising revenues to rebuild our economy.
Dennis S. Spisak-Green Party of Ohio Nominee for Governor
Http://www.votespisak.org/governor/
For mroe info, contact 330-503-1407
