Testimony on SB 256 “Modify the earned income tax credit; increase the minimum wage” before the Senate Ways and Means Committee Good afternoon, Chair Blessing, Vice-chair Roegner, Ranking Member Smith and members of the Senate Ways and Means committee. My name is Bailey Williams, and I am a tax policy
Senators Louis W. Blessing III and Hearcel F. Craig introduced a bill this week that would provide property-tax relief for the hundreds of thousands of Ohioans whose tax bills amount to more than 5% of their income. Policy Matters Ohio applauds the introduction of this bipartisan bill and calls on
This Tax Day, let us take a moment to reflect on Ohio’s tax system. Taxes are a vital part of any thriving society: They finance key public goods that benefit everyone and the investments we make with our tax dollars reflect our collective values. We recognize the importance of public
Legislators have other ideas The end of recreational marijuana prohibition in Ohio has state legislators seeing green. Not so much for cannabis plants themselves, but for the expected hundreds of millions of dollars in tax revenue coming from legal marijuana sales each year. Last November, Ohioans voted in favor of
This piece was originally published on Cleveland.com and is reprinted here with permission. A smart, progressive tax system has enormous benefits: great schools and libraries, well-maintained roads and bridges, public goods that benefit everyone and public support for people who need it. When designed correctly, a tax system ensures that
As a share of income, top 1% pay less than half as much as lowest-paid, new study finds For decades, policymakers have chipped away at Ohio’s income tax, leaving the state tax system upside-down: Low- and middle-income families spend a far larger share of their income on taxes than wealthy
New data show how tax credits can help Ohioans who need it Legislation now in Ohio’s House of Representatives would reduce eligible families’ income taxes by over $1,000 per year on average, according to Policy Matters Ohio analysis of new data from the Institute on Taxation and Economic Policy. House
Every family in Ohio should be able to afford healthy food, a safe home, health care and the other elements of a good life. Ohio has the resources to make this a reality. Too often, however, our elected officials choose to use those resources to enrich their already wealthy supporters
Income tax repeal would gut the budget to benefit the wealthiest
This piece was previously published on Cleveland.com and is reprinted here with permission. Ohio lawmakers have introduced legislation to eliminate the state’s personal income tax. This tax repeal would be devastating for Ohio. Not only is the proposal a budget-busting blunder, but it would also make Ohio’s tax system even