FOR IMMEDIATE RELEASE
Contact: Rea Hederman, Executive Vice President
(614) 224-4422 or Rea@BuckeyeInstitute.org
December 15, 2015
Ohio Scores Poorly on Economic Freedom in New Report:
COLUMBUS, OHIO--On Tuesday, The Buckeye Institute and the Fraser Institute released an economic freedom ranking of every state and province in North America. According to the new report, Ohio ranks 40th among the 50 United States in economic freedom, held back by high government spending on public employee pensions, workers' compensation, and social programs.
Economic Freedom of North America 2015 ranks jurisdictions based on their levels of economic freedom (as measured by government spending, taxation, and labor market restrictions) using data from 2013, the most recent year of available data.
"Despite important tax reforms, Ohio's economy remains shackled to the detrimental policies of the past, which continue to hinder economic prosperity and freedom in our state," says Rea S. Hederman, Jr., Executive Vice President of The Buckeye Institute. "It's no coincidence that neighboring states that have expanded freedom are enjoying more economic growth than Ohio has in recent years."
The Fraser Institute has measured economic freedom in every state and province in the United States, Canada, and Mexico for eleven years, creating a comprehensive assessment of trends in economic freedom. The Buckeye Institute and its Economic Research Center are co-publishing this prestigious report for the first time and adding in-depth analysis of Ohio's economy as well.
The Buckeye Institute's Ohio Economic Freedom Fact Sheet summarizes where Ohio ranks in various economic freedom policies. The state's low overall ranking reinforces the need for substantial economic policy reforms.
The Fraser Institute and The Buckeye Institute are independent think tanks that research and advocate free market economic policies. The Buckeye Institute's Economic Research Center specializes in data analysis of state-level economic policies.
BACKGROUND:The Buckeye Institute was founded in 1989 as an independent research and educational institution--a think tank--to formulate and promote free-market solutions for Ohio's most pressing public policy problems.
The Buckeye Institute is a non-partisan, non-profit, and tax-exempt organization, as defined by section 501(c)(3) of the Internal Revenue code. As such, it relies on support from individuals, corporations, and foundations who share a commitment to free enterprise, individual liberty, personal responsibility, and limited government. The Buckeye Institute does not seek or accept government funding.
FOR IMMEDIATE RELEASE
|
Ohio Scores Poorly on Economic Freedom in New Report:
COLUMBUS, OHIO--On Tuesday, The Buckeye Institute and the Fraser Institute released an economic freedom ranking of every state and province in North America. According to the new report, Ohio ranks 40th among the 50 United States in economic freedom, held back by high government spending on public employee pensions, workers' compensation, and social programs.
Economic Freedom of North America 2015 ranks jurisdictions based on their levels of economic freedom (as measured by government spending, taxation, and labor market restrictions) using data from 2013, the most recent year of available data.
"Despite important tax reforms, Ohio's economy remains shackled to the detrimental policies of the past, which continue to hinder economic prosperity and freedom in our state," says Rea S. Hederman, Jr., Executive Vice President of The Buckeye Institute. "It's no coincidence that neighboring states that have expanded freedom are enjoying more economic growth than Ohio has in recent years."
The Fraser Institute has measured economic freedom in every state and province in the United States, Canada, and Mexico for eleven years, creating a comprehensive assessment of trends in economic freedom. The Buckeye Institute and its Economic Research Center are co-publishing this prestigious report for the first time and adding in-depth analysis of Ohio's economy as well.
The Buckeye Institute's Ohio Economic Freedom Fact Sheet summarizes where Ohio ranks in various economic freedom policies. The state's low overall ranking reinforces the need for substantial economic policy reforms.
The Fraser Institute and The Buckeye Institute are independent think tanks that research and advocate free market economic policies. The Buckeye Institute's Economic Research Center specializes in data analysis of state-level economic policies.
BACKGROUND:The Buckeye Institute was founded in 1989 as an independent research and educational institution--a think tank--to formulate and promote free-market solutions for Ohio's most pressing public policy problems. The Buckeye Institute is a non-partisan, non-profit, and tax-exempt organization, as defined by section 501(c)(3) of the Internal Revenue code. As such, it relies on support from individuals, corporations, and foundations who share a commitment to free enterprise, individual liberty, personal responsibility, and limited government. The Buckeye Institute does not seek or accept government funding. |
No comments:
Post a Comment