Senate Joint Resolution 3 could weaken state’s bond rating Policy Matters Ohio today called on members of the Senate Ways & Means Committee to reject Senate Joint Resolution 3, a proposed amendment to the state constitution. The amendment would require a two-thirds vote of both houses of the General Assembly
A resolution in the Ohio Senate proposes a constitutional amendment to require a two-thirds vote of the General Assembly to approve an income-tax increase. Policy Matters Ohio Research Director Zach Schiller today made the following statement on the proposal: “Senate Joint Resolution 3 protects an upside-down tax system under which
Thirty-five of Ohio’s largest employers paid their CEOs more than 200 times what they paid the typical employee in 2018, according to data reported by companies under the Dodd-Frank Act. The federal law requires publicly traded companies provide the ratio of CEO pay to the median employee – the person
Introduction Most of Ohio’s largest employers paid their chief executive officers more than 200 times what they paid typical employees last year. More than a quarter of the companies paid the CEO more than 500 times as much. Six companies had pay ratios over 1,000. Those are the key results
Good morning, Chairman Jordan, Ranking Member Crossman and members of the committee. My name is Zach Schiller and I am research director of Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. Thank you for the opportunity to testify.
Real needed action: Eliminate this $1.1 billion giveaway The Ohio House voted today to restore an income-tax break sometimes known as the LLC loophole to lawyers and lobbyists, who had seen it eliminated as part of the budget bill in July. Policy Matters Ohio Research Director Zach Schiller made the
The main tax measures in Ohio’s new budget bills will bring tax increases on average for lower- and middle-income taxpayers, while those at the top of the income scale on average will see cuts. Overall, the bottom 95% of taxpayers with annual income below $208,000 a year will average increases,
Budget bills bring average tax increases for less affluent residents The main tax measures in Ohio’s new budget bills will bring tax increases on average for lower- and middle-income taxpayers, while those at the top of the income scale on average will see cuts. That’s the key conclusion of an
General Assembly should reject proposal to omit that from the budget Six years after the original creation of a tax break for Ohio business owners, the data shows it has failed to bring more jobs, increase the number of new businesses or help Ohio’s economy. That’s why the Ohio General
Budget bill cracks down on words like “shall” and “must” but orders rules anyway Policy Matters Ohio Research Director Zach Schiller issues the following statement about contradictory provisions in the Senate budget. “In a victory for ideology over common sense, the Ohio Senate approved a budget bill last week that
Policy Matters Ohio: Ditch tax rate cuts, follow House on LLC loophole After the Senate version of the Ohio budget for 2020-2021 was passed unanimously today, Policy Matters Ohio Research Director Zach Schiller released the following statement: “The budget approved today by the Ohio Senate makes some important investments, but
By Zach Schiller and Wendy Patton INTRODUCTION The governor’s budget presented to the 133d General Assembly included little tax policy, but the Ohio House of Representatives added many provisions in their version of the state budget bill, House Bill 166. Among other changes, some tax breaks were scuttled, others added.
