corporate giveaways
Ohio tax breaks adding up, watchdog says
A new analysis says that 15 new tax breaks — many benefiting wealthy people and corporations — are coming online in Ohio. That will swell the total cost of tax breaks in the state to $11 billion a year, or 37% of the state's annual revenue, the report by Policy Matters Ohio said. The new breaks will cost the state an additional $450 million a year as the state is ending a process to review the worthiness of its tax breaks, the report said.
The Intel project is great news. But what happens if it goes bad?
When it announced in January that it would build two massive new plants in Licking County, semiconductor manufacturer Intel called it the “largest single private-sector investment in Ohio history.” But what is perhaps obscured by that statement is that Ohio is also investing heavily in Intel. A policy-research group recently issued a report advocating ways […]