Texas v. Ohio
The Wall Street Journal explains why Texas is doing well economically and Ohio is not.
Ohio now ranks 47th out of 50 in economic competitiveness, according to the American Legislative Exchange Council. Ohio politicians deplore plant closings even as they impose the third highest corporate income tax in the country (10.5%) and the sixth highest personal income tax (8.87%). A common joke is that Ohio lays out the red carpet for companies — when they leave the state. By contrast, Texas has no income tax, a huge competitive advantage.
It’s instructive to read the whole article. The Journal points out that NAFTA has been great for Texas and that the unions in Ohio make it a less attractive state for businesses.