House Bill 5 preserves loopholes and creates new ones
Policy Matters offers testimony in opposition of Senate Bill 243
Ohio’s unemployment compensation system is more than $1 billion in debt to the federal government, mainly because the state has failed to increase employer taxes. Ohio’s unemployment trust fund — the money that pays benefits to unemployed Ohioans — has been broke for almost six years. The system owes $1.38
Ohio’s unemployment compensation system is broke. It owes more than $1.3 billion to the federal government. We have been borrowing for more than five years, but now the issue is getting attention. State Rep. Barbara Sears (R., Monclova Township) heads an Ohio House committee that has held hearings around the
State tax changes approved over the past two years have further tilted Ohio’s tax system in favor of the wealthiest.
The Ohio Tax Credit Authority just approved $81 million in tax breaks for an Amazon.com subsidiary in Ohio, but meanwhile the online retailer is still not collecting sales taxes valued in the tens of millions per year. It’s time for the state to renegotiate the deal.
Taxoverhauls in the past nine years have slashed average tax bills for the top 1 percent by more than $20,000, while the bottom three-fifths pay more as a group.
Ohio’s new tax cuts favor the wealthy, families and neighborhoods pay. Abandoned houses dot the landscape, community efforts to get quality pre-K off the ground need a boost, and shocking infant mortality rates go unchecked, while jobs growth languishes. This piece originally appeared on cleveland.com. Tax cuts. That’s the main
Most of the $400 million-plus in tax cuts for Fiscal Year 2015 will go the affluent. The Mid-Biennium Review also continues with an unfortunate Ohio tradition of permitting or enlarging tax benefits to special, narrow groups of taxpayers.
The Senate tax changes will siphon more than $400 million next fiscal year into tax cuts: mostly to affluent Ohioans. While increasing the Earned Income Tax Credit is a step in the right direction, EITC must be made refundable to provide real benefits to poor Ohioans. Instead of more tax
Instead of more tax cuts, we should restore and expand funding to improve communities, build opportunities for children and create the needed infrastructure for businesses.
Ohio’s tax system burdens the middle class and poor
Zach Schiller on Cleveland.com, Feb. 1, 2015: Ohio should increase income tax rates on the most affluent. Ohio’s tax system is slanted against the poor and middle class, and getting more so. Our legislators should remedy this – and generate more revenue to better educate Ohioans and provide other badly