Mark Kvamme and Ohio’s middle class tax cut


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Here’s today’s candidate for Quote of the Year:

When describing how his new tax break for $10 million investments isn’t aimed at the rich, John Kasich’s job czar, Mark Kvamme (venture capitalist and outsourcing expert) said the following (source: Gongwer – subscription required):

“I actually think, in a lot of ways, this helps the middle class and others a lot more than it helps the upper class because for the more wealthy investors – it caps out too early,” he said. “I know $10 million sounds like a lot of money, but for big investors, $10 million in one year is very little.”

There you have it. In Mark Kvamme’s world of silicon valley venture capital investing and recreational motocross, the middle class are the guys who ONLY HAVE $10 MILLION TO INVEST. Remember that the next time they say they are looking out for the middle class.

This guy is so bad, he makes John (“idiot cop”) Kasich appear to be on-message.

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1 Comment

  1. According to someone in the room at the time, Kvamme called American Greetings and asked the CEO this: if their roles were reversed, would he give the company $100 million? The CEO said “no.” He then reminded Kvamme of their respective roles and said, in so many words, that American Greetings had the state over a PR barrel. Kasich was too eager to do the deal, just so he could announce the false news that he kept a company in the state that had no intention of leaving the state. The handout wasn’t needed, but was so ordered by our very gullible and jobs-randy governor. The Bob Evans deal was even worse. It has always been about Ohio, so moving to Texas was a total fantasy, but one Mr. JobsOhio used – and the media swallowed whole – to justify another silly and unnecessary giveaway to someone who didn’t need it. Let’s hope Kasich got his chicken noodle soup jones satisfied.

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