Review and reduce wasteful tax breaks
Some tax exemptions help regular Ohioans. But too many are special-interest giveaways, costing us hundreds of millions of wasted tax dollars, failing to create good jobs, and benefiting the wealthiest Ohioans and big corporations. The Ohio General Assembly should thoroughly and regularly review the $8.5 billion in exemptions, credits and deductions that riddle our tax code. These reviews should be coupled with sunset dates for all such breaks. We should also cut wasteful tax breaks. For example, the credit big corporations can receive for losses from long ago, a sales-tax exemption on payments to lobbyists, and the limit on sales tax for time shares in luxury jet aircraft are all clearly unnecessary.