A Tax-Saving Plan For Businesses

With the election just barely over, so recent that the last Republican still hasn’t declared victory, those intimately tied to the outcome have already come calling, asking for their due. In an article entitled “Kochs target Republicans on tax breaks” (Politico 11-12-14) Brian Faler recounts “Powerful conservative groups including those backed by the Koch Brothers are pushing Republicans to take a hard line on a raft of expired tax breaks pending in the lame duck, an effort that could jeopardize party leaders’ hopes for a low-drama Congress. Koch-backed Americans for Prosperity, Heritage Action for America and others want Republicans to capitalize on their election victory by killing some of the tax “extenders” they’ve long hated, such as a one subsidizing the wind energy industry.” Meanwhile, back at the ranch, the November 9, 2014 Newark Advocate ran some apparently disparate pieces on the local election income tax increase that “failed”. Their Opinion (editorial) reflects Analysis’s own pre election prediction – that the tax failed due to a lack of leadership marketing: “You could see it in the tepid push from Republican Mayor Jeff Hall, who seemed concerned about being tied to a tax increase a year before he must seek re-election. Outside a few sparsely attended meetings Hall hosted, there was no push by city leaders to show how paving money has been spent, what the needs are and how bad our streets will be very soon.” Ruing the loss, “That’s sad when you realize the successful flipping of 374 voters would have turned a loss into a win.” And ending with (the second to last line) “What’s perhaps most important though is for our leaders to become more willing to tell our community the stark truth rather even if it’s what they don’t want to hear.” Within that same edition, the paper tries to paint “the stark truth” a Joe Williams report “Roads face more decay without funds New tax not in plans for 2015, mayor says” In excruciating and painful detail, the funding of business street improvements that articulate with business interests is spelled out (downtown streetscapes, total west main rebuild from hospital to new fire station and North 21st St.) while residential streets will get winter cold patch at best, maybe some repaving in 2016. “Will that approach work at least long enough to get to the next round of more-permanent repairs? Some say it hasn’t worked so far, but city officials say they don’t know what other options they have right now. “There’s no magic out there for paving streets,” Hall said. “If there was, why would we go out and ask for more (money)?”” Immediately after the Opinion (editorial) promoting “tell(ing) our community the stark truth rather even if it’s what they don’t want to hear.” space is dedicated to a Guest Column from the community’s professional politician. “One way we have worked to revitalize Ohio’s economy is through the establishment of different kinds of tax credits.” Mr. Hottinger then goes on to recount all of the triumphant tax breaks of the last 4 years and the current bills for more. Ironically, this same paper that dresses itself with the stark truth that the populace does not want to hear printed a story by Chrissie Thompson for the Cincinnati Enquirer just the day before (11-8-14 “Leaders may join tax-bill challenge Cincy mayor says it attacks services”). In it Thompson writes of the initiative by Ohio’s local community leaders to restore their portion of state tax funding (lost over the past 4 years or threatening to be even more so by current House Bill 5). “Newark Mayor Jeff Hall said he would consider supporting a ballot initiative but would first have to see the final version of the bill that passes. “I would surely offer opposition (to the bill) if I thought it was not in the best interest of Newark,” he said. Hall, a former city treasurer, said he does not oppose simplifying municipal tax collections, “as long as it just doesn’t become revenue reduction.” “I question, at times, just how broken the tax system is,” Hall said. “(House Bill 5’s) intentions were to simplify taxes, but part of it has become a tax-saving plan for businesses.””

Now that businesses are persons, it certainly is the case that one person’s tax increase is another’s tax credit.

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