In this edition of our eNews — A tax break for business income won’t help Ohio but a sales-tax credit would. We have also mapped the benefits of the EITC, and took a look at big changes implemented by a local workforce training agency that have made it more effective.
For immediate release Contact David Rothstein, 216.361.9801 Download release Interactive Ohio EITC map EITC testimony Credit should be part of budget proposal, research group says in testimony The state legislature should include a state Earned Income Tax Credit in the budget proposal being considered by the House of Representatives, according
The federal Earned Income Tax Credit does more than any other program to keep working families out of poverty. As this map shows, the EITC brings hundreds of millions of dollars to Ohio each year, benefiting families and communities in every county. The map also provides estimates of the benefits
An Earned Income Tax Credit not only helps create a more fair tax structure, it provides a boost to local economies, as EITC dollars are often spent and saved locally. This multiplier effect creates local and state tax revenue based on goods and services that are sold.
Gov. John Kasich’s proposal to broaden the sales tax may not survive, or it could be scaled back. Legislators should consider a sales-tax credit anyway, because the existing sales tax helps slant our current state and local tax system against low- and moderate-income taxpayers.
For immediate release Contact Hannah Halbert, 614.221.4505 Full report Download release By implementing a demand-driven model in mid-2010, Employment Connection, the workforce-training agency for Cleveland and Cuyahoga County, has greatly improved the services it provides to local firms and workers, according to a new study by Policy Matters Ohio. “Our
Full report Download press release A proposed income-tax break for owners of Ohio businesses won’t help small businesses create jobs, according to a report released today by Policy Matters Ohio. “The proposed business-profit exclusion will do little for Ohio’s economy, while draining more than $600 million a year from public
$10.10 by 2015 — Increasing the federal minimum wage to $10.10 would create 5,800 jobs, give more than 1 million Ohio workers a raise, and circulate some $2.1 billion in the state economy. More than half of those helped would be women and more than four out of five are
Back to full report Download press release New analysis highlights modest restoration, Medicaid expansion The Kasich administration’s budget proposal continues damaging trends started with the current budget, including tax cuts and a failure to restore local government revenues, according to a new overview by Policy Matters Ohio. But it also
Next section Previous section The state cut funds formerly provided to schools, libraries and local governments in the last budget. Table 2 shows that the net loss in fiscal years 2012-13 compared to the previous biennium was nearly $800 million. In the proposed budget the losses continue, deepened with the
Next section Previous section The proposal to embrace Medicaid expansion makes health of Ohioans the big winner in this budget. The American philosopher Ralph Waldo Emerson said: “The first wealth is health.” Medicaid expansion represents a major investment in the health ??” and thus better opportunity for a productive life
Next section Previous section House Bill 59 would boost state funding for Ohio’s primary and secondary schools in fiscal years 2014 and 2015, but would not bring it up to the level provided for K-12 education in the fiscal year 2010-11 budget, either in current or inflation-adjusted dollars. The last
