Political Quotes

On the recordJanuary 20, 2011
Absolutely. Absolutely. And here is what puzzles me: I don't understand why more don't realize that when you let families and businesses keep more of their hard-earned money, that builds economic confidence. That builds buying power. They invest. They spend more. That's what gets an economy going. They begin to become innovative. Let me give you an example. Ohio borders on a State that has no sales tax on clothing. One of the first things I saw when I started looking at how I could help the State of Ohio was: How can we keep that sales tax revenue in the State of Ohio? So we started doing the research. We found out that 17 States have sales tax holiday programs. So I built a grassroots effort to put a sales tax holiday program in place in Ohio. Without going into excruciating detail, having a sales tax holiday around back-to-school time and a sales tax holiday around Christmastime promised to bring upwards of $250 million in additional sales tax revenue into the State coffer, keep retail jobs, and let Ohio families keep more of their money. It was amazing what that program would do. Yet we could not get those on the other side of the aisle in Ohio to understand that and to buy into that concept. It is a simple economic concept.
Said by
Bill Johnson
Republican · Ohio
Source
govinfo.gov
Jan 20, 2011

Editor's note · Context

The speaker discusses the economic benefits of allowing families and businesses to retain more of their income.

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