Good morning, Chairman Smith, Ranking Member Cera and members of the committee. My name is Zach Schiller and I am research director at 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.
Calls for additional support for public transit, reversal in tax policy Policy Matters Ohio testified in two Ohio House committees today regarding Governor Kasich’s proposed state budget. The Cleveland-based nonprofit research institute called for greater state support of public transit and a reversal in state tax policy, which has focused
Good morning, Chairman Schaffer, Ranking Member Rogers and members of the committee. My name is Zach Schiller and I am research director at 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
Proposal strips local control and may reduce revenue for some
Introduction Ohio’s cities and villages rely on the municipal income tax as their biggest source of revenue. Governor John Kasich has proposed having the state take over collection of that tax on business profits, which accounts for over $600 million of the more than $4.7 billion collected annually. But there
Kansas legislators have a lesson: Deduction for business income is a loser The Ohio General Assembly should take a lesson from Kansas legislators: It’s time to scrap a big tax break for business income that is draining hundreds of millions of dollars a year that’s badly needed for education and
Governor John Kasich told us Ohio’s state budget is tight. He proposed only a tiny increase for K-12 education that doesn’t cover inflation or provide an increase for most school districts. Other crucial services are similarly flat-lined. But there are obvious places to find the revenue we need to invest
Governor John Kasich’s new tax proposal would further reinforce the shift in Ohio’s state and local tax system in favor of affluent residents and against those with lower or middle incomes. Under the plan, Ohioans who made under $56,000 last year – those in the bottom three-fifths of the income
Fairness. Ohio’s income tax is the only major tax that is based on ability to pay. This principle was embraced by the founders of our democracy, such as Thomas Jefferson, as well as by the intellectual father of capitalism, Adam Smith. As your taxable income goes up, you pay a
Economic forecast shows Ohio trails nation in growth Are Ohio’s tax policies working? Governor John Kasich’s budget proposal provides an answer, though it’s one he won’t like. By every major indicator, Ohio will underperform the nation over the two-year budget period beginning July 1 (Fiscal Years 2018 and 2019), according
New report shows governor’s plan makes inequality worse Governor John Kasich’s new tax proposal will make Ohio’s growing income inequality worse and still doesn’t raise enough revenue to fund crucial programs. New analysis for Policy Matters Ohio by the Institute on Taxation & Economic Policy, a national nonprofit research institute
Governor Kasich’s proposed budget shortchanges key programs In his proposed budget released today, Governor John Kasich calls for tiny increases in spending on key programs, such as K-12 education, when more investment is needed. At the same time, he once again calls for a major reduction in income taxes, paid
