Ohio has been cutting income taxes for almost 20 years. Are Ohioans better off?cleveland.com: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, discussed House Bill 1, aimed at creating a flat income tax rate of 2.75%. “The theory behind it is that cutting these taxes will spur on extra growth and get extra investment,” Ernest said. “You would expect after some number of years to start seeing growth, and we haven’t necessarily seen that.” |