(EMAILWIRE.COM, February 24, 2013 ) San Francisco,CA -- It is rather simple for Gov. John Kaisch: Tax cuts will lead to jobs. With half of Ohio jobs created through small businesses, if the establishments are given tax cuts, they will have the extra capital in order to create new jobs.
We want to do everything we can to encourage job growth in small businesses, he said when rolling out his plan to cut state income taxes by 20 percent and give small-business owners an additional 50 percent reduction allowing most a total cut exceeding 60 percent.Our income taxes are too high, particularly as they affect small businesses ability to pay, Kasich said.
There are many business owners who have joined Kaisch to promote the tax cut and have stated to help hire individuals if the concept rolls through to actual law. Greg Ubert of the Crimson Cup Coffee & Tea in Columbus stated that the cut would get me in the expansion mode ... which means more jobs.
Still, some studies and numbers that are coming out of progressive groups note that when one dives deep into the numbers behind the proposals, the correlation between income-tax cuts and small-business owners to more jobs is strained at best. According to these groups, the worst possible outcome is that a shift in the states tax burdens from the wealthy to the working middle-class, as well as the lower class.
According to these groups, the shift would come as the Republican governor proposed an expansion of the sales tax to include dozens of previously economic activities that have previously been untaxed.
According to Zach Schiller, the research director for Police Matters Ohio, winds up being incredibly poorly targeted, because the bulk of the money isnt going to go to businesses that are going to hire people and grow the economy,