New analysis from Policy Matters Ohio shows that each year, the Business Income Deduction — known as the “LLC loophole” — costs Ohio communities an estimated $1 billion, without spurring job growth or improving Ohioans’ wellbeing. The analysis shows that the loophole is among Ohio’s most expensive tax breaks; it
Taxes are how the government funds programs that help people live healthy, full lives, no matter their wealth, race or social connections. Though corporate interests and their duly elected attendants would have us believe otherwise, almost everyone can agree that there are certain vital social relations that should not be
Chair Merrin, Ranking Member Sobecki, and members of the House Ways and Means Committee, thank you for the opportunity to testify on Senate Bill 225. This bill proposes that you double the amount of money available for the Ohio Historic Preservation Tax Credit and the Opportunity Zone Tax Credit, increasing
Good morning, Chairman Blessing, Vice-Chair Roegner and Ranking Member Williams. I am Dr. Guillermo Bervejillo, State Policy Fellow at Policy Matters Ohio, a non-partisan, not-for-profit research organization with a mission to create a more prosperous, inclusive, equitable and sustainable Ohio. Today I am testifying against House Bill 123 because if
The richest 1% of Ohioans contribute an average of nearly $51,000 per year less in state tax revenue than they did 17 years ago, according to a new report by Policy Matters Ohio and the Institute on Taxation and Economic Policy (ITEP). Since 2005, many state legislators and governors pushed
The tax shift For too long, regular Ohioans have been asked to sacrifice their health, the education of their children, and the vitality of their communities to give tax breaks to the rich, to open needless loopholes, and to provide special treatment for wealthy corporations. The politicians who write state
The responsible use of Ohio’s natural resources is crucial to the well-being of its residents and to the long-term sustainability of its economic infrastructure. Currently, Ohio is 13th among states in terms of crude oil production and 6th in terms of natural gas. The Marcellus and Utica shale formations, which
