Ohio Taxpayers Subsidize Business Investment More than 48 Other States

From the Dayton Daily News:

Only two states - Maine and Oregon - have lower tax burdens for new business investments than Ohio, according to a new study released by the Council on State Taxation, a business-backed group, in conjunction with Ernst & Young, the professional services firm.
“Competitiveness of State and Local Taxes on New Investment” found that Ohio has an effective tax rate of 4.4 percent on new investment, lower than all states and the District of Columbia, except Oregon, with a 3.8 percent rate, and Maine, with a 3.0 percent rate, the lowest nationally.
The findings contrast with some other studies such as those done by the Tax Foundation, which has issued negative findings about Ohio’s business tax climate. The Tax Foundation in a report last year - 2011 State Business Tax Climate Index - rated Ohio 46th nationally in terms of a favorable tax climate.
The new study, released Tuesday, focuses on capital investments in industries that have location choices for factories and headquarters, not on investments tied to specific locations such as hotels and restaurants.

We're winning the race to the bottom.  Excuse me, big business is winning at our expense.