Upside Downside: Taxing our way out of budget shortfall

Friday, December 19, 2008
Topics: Economy
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With Ohio government facing a multi-billion dollar budget deficit, Governor Ted Strickland talks about two ways to plug the money shortfall --- slashing state spending and getting a bail-out from Washington. A third option, a tax increase, Strickland says is not an option. But as statehouse correspondent Bill Cohen reports, if history is any indication, a tax hike is an option that the governor and Ohio lawmakers may have to resort to.