Ohio Tax-Break Review Bill Gets Praise from Conservatives and Liberals
Two think tanks that are normally on opposite sides are very pleased with a bill passed in the lame-duck legislature which would require a review of billions of dollars in tax breaks and loopholes.
Greg Lawson with the conservative Buckeye Institute says he’s thrilled lawmakers passed the bill forcing them to study $8 billion in tax expenditures, credits and other breaks – though he says it’s not enough.
“We even suggested there be an auto sunset for tax expenditures. This bill didn’t go quite as far as that, but it’s definitely a big step in the right direction.”
Zach Schiller with the left-leaning Policy Matters also wanted a requirement that tax breaks and loopholes disappear under certain circumstances, but he’s happy too.
“Even with those things that could be improved, this is really a step forward for transparency and accountability for Ohio’s tax system.”
But the two sides also agree that they have very different ideas where the tax savings should go.