Enabling Job Creation:

Senate Republicans believe government doesn’t create private sector jobs, but it can help create the pro-growth economic environment where that encourages job creation. That’s why we worked hard to balance the state’s budget while reducing the tax burden on the small businesses who drive our economy. We eliminated state income taxes altogether on the first $250,000 of income for small business owners. Above $250,000, filers pay a flat three percent tax rate. As a result, Ohio has become one of the top three job creating states in the nation, setting new records for the number of businesses setting up shop here. The Senate also worked with the governor’s administration to create the Common Sense Initiative, designed to cut bureaucratic red tape and unnecessary regulations getting in the way of jobs and growth. Last year, CSI amended or rescinded approximately 58 percent of the rules it reviewed.

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