Ohio is ready to reap the economic benefits of a tax reform strategy 15 years in the making – the state is just one of a handful to announce rate reductions as its economy recovers from the coronavirus COVID-19 pandemic.
Ohio’s Lt. Governor Jon Husted told FOX Business that state leadership is hoping to attract new business investment and residents after it recently detailed the latest iteration of a series of ongoing tax reform measures.
"Fifteen years ago we began reforming our tax plan – we eliminated the corporate franchise tax [and] eliminated the death tax — we went from a high-tax state to a lower- tax state," Husted said. "We absolutely do see it as a time to compete. Capital will ultimately go where it can be the most appreciated."
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