For immediate release
Contact, Zach Schiller, 216.361.9801
Gov. John Kasich’s proposed tax plan, with its heavy reliance on income-tax cuts, is a poor prescription for prosperity, according to a new policy brief released today by Policy Matters Ohio. The brief noted that:- The plan would cut taxes on the top 1 percent and raise them, on average, for the bottom 60 percent of Ohio tax filers;
- The $523 million in tax cuts over two years would be better spent on education and needed public services;
- After a decade of tax cuts, hiring by the smallest businesses and overall Ohio job growth have underperformed the nation, and
- 96 percent taxpayers don’t pay the top income-tax rate. The vast bulk of Ohioans benefit from paying income tax instead of higher levels of other taxes.
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Policy Matters Ohio is a nonprofit, nonpartisan state policy research institute
with offices in Cleveland and Columbus.
A fair share tax could help balance Ohio’s tax code