The two-year budget that Gov. Kasich signed into law yesterday takes crucial state resources and transfers them to affluent Ohioans, instead of using them to invest in the state and our people. Close to $2 billion in income-tax cuts will go primarily to the wealthy. At the same time, many
Other Ohioans would gain little or pay more under budget bill
Moving to a flat tax would cost most Ohioans more, while the top 5 percent would pay less.
It’s tax break time in the Statehouse. The biennial state budget is often stuffed with special-interest provisions, and this year is no exception. One intriguing example: A proposed tax break clearly tailored to a single unnamed business complex. It is for a company that delivers parts or finished goods of
Budget outdoes the House in favoring the wealthy.
Lawmakers should invest in Ohio, not give away more unneeded tax cuts, Policy Matters tells senators.
Senators urged to restore aid for needed public services instead of giving away more tax cuts that benefit mainly the wealthy.
Legislators in Columbus are heading into the stretch run of approving a two-year budget, and much of the attention has focused, as it should, on how much the Senate will add to the $1.2 billion in tax reductions approved by the House over two years. They’ll probably ramp up the
Ohio foreclosures fell last year but still run two times the 1990’s level.
As Ohio state legislators consider whether to expand a major business tax break first approved two years ago, they might want to pay attention to what a number of Kansas Republicans have concluded: That an even more expansive tax break of the same kind passed by their state legislature hasn’t
Contact: Zach Schiller, 216.361.9801 Download Testimony Download Release By Zach Schiller Good morning, Chairman Peterson, Ranking Member Tavares 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,
House reduces Kasich’s proposed income tax cut, but tax plan still heavily favors the most affluent Ohioans.
