OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Economy

Issue Position

Date: Jan. 1, 2016
Issues: Unemployed and Low-Income Business and Consumers Employment and Affirmative Action Economy and Fiscal Government Budget and Spending

I believe that small businesses truly drive our economy. However, I feel that the incentives to start a small business are too few, while the liabilities of running a small business are too great. I will work to make the state of Ohio, and the 29th District, become a better place to do business. I will work to reduce taxes and create a level playing field for all businesses: the government should NOT be in the business of playing favorites. Moreover, I will work to bring more R&D into Ohio as well as retaining current R&D efforts; it is no coincidence that the leading countries of the world are also leaders in science and engineering.

During my first term in office, starting in January 2013, we passed the state operating budget in H.B. 59. That bill made good on Republican promises to balance the state budget without raising taxes. Some highlights:

* 10% across the board income tax cut for all Ohioans
* 50% income tax cut to small business owners on the first $250,000 of income
* Unemployment rate has dropped from 7% (January, 2013) to 5.5% (June 2014)

Policies that we put in place were in large part responsible for the $800 million surplus Ohio realized at the end of the fiscal year (June 30th, 2014). This should come as no surprise as a lower, broader tax base leads to increases in tax revenue.


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