What in god’s name is wrong with Ohio Republicans? There’s a party-line vote in the state House on costly and market-distorting tax credits for the film industry, and it’s the Democrats calling it out as fiscally irresponsible?
I know the Ohio Republican Party has done much, much worse over the years, but come on … when has enough damage been done?
The Dayton Daily News reports the government is facing “a budget nightmare for Ohio, which is now looking at a $640 million shortfall for the current fiscal year and as much as a $7.3 billion funding gap in the upcoming two-year budget.”
Perhaps Republicans could try to pass education tax credits before they leave. You know, the one and only tax credit that really does save taxpayers’ money and the only tax credit that actually decreases market distortion rather than increasing it.
To give Ohio politicians a sense of the numbers we’re talking here, Illinois saves $5.1 billion in the first 10 years and $1.6 billion every year after the program has been in operation for 15 years. Wisconsin saves $9.3 billion in the first 10 years and $3.2 billion every year after the program has been in operation for 15 years.
But that probably makes too much sense. As an Ohioan, this pains me. But at least we’ll get to see what the Ohio Democratic Party wants to tax and spend on when they take over next year …