For immediate releaseContact Zach Schiller, 216.361.9801Full report at Center on Budget and Policy Priorities New national report details how to improve accountability Ohio spends $7 billion a year in the form of tax credits, exemptions, and deductions with little evaluation of whether it benefits Ohioans or is effective in achieving
New national report details how to improve accountability Ohio spends $7 billion a year in the form of tax credits, exemptions, and deductions with little evaluation of whether it benefits Ohioans or is effective in achieving the tax breaks’ purpose. The General Assembly should enact legislation requiring the state to
Ohio needs taxes that are fair and adequate Ohio’s income tax is based on ability to pay, so the rate goes up as income increases. People of low income pay a lower tax rate than people of higher income because they have less money to pay for the necessities: food,
Ohio’s tax expenditure report examines credits, deductions and exemptions in the tax code that reduce the amount of revenue the state would otherwise receive. This year’s report, prepared by the Ohio Department of Taxation, estimated that in both Fiscal Years 2012 and 2013, 128 such exemptions and credits will amount
House Bill 3 in the Ohio House of Representatives would repeal the state’s estate tax. This measure would reduce revenue to Ohio’s municipalities, which receive 80 percent of the estate tax. It would also further weight Ohio’s state and local tax system in favor of the affluent. Zach Schiller, research
Policy Matters Ohio examined all of the minimum-wage cases filed between July 1, 2008, and June 30, 2009 with the state of Ohio. The 940 complaints were filed in 73 of the state’s 88 counties, and most were resolved in favor of the worker. By far the largest number of
Most states have laws requiring that workers are paid the wages they earn and that they are paid a minimum wage, as well as overtime for hours worked beyond a specific amount. They also protect against exploitation of child labor. Policy Matters Ohio conducted a nationwide survey of state enforcement
The State of Ohio, you may have heard, has a budget problem. The state budget will be billions of dollars short in the two years that start next July 1. It’s easy to attribute this problem to the economy, and that’s certainly part of it. But a big share of
Ohio now has less than one year to take steps to modernize its unemployment compensation, or it will forfeit $176.3 million in federal funds. The American Recovery and Reinvestment Act set aside $7 billion for states that take steps to bring their unemployment compensation systems into the 21st century. Ohio’s
The Ohio General Assembly created a Budget Planning and Management Commission to make recommendations on balancing the next state budget. Responding to a commission request for input, Policy Matters Ohio submitted a report to the commission in August 2010. We review the major overhaul of Ohio’s tax system approved in
The Trade Adjustment Assistance (TAA) program, which provides income support and retraining to workers who lose their jobs due to rising imports or shifts in production overseas, underwent a major expansion under the American Recovery and Reinvestment Act. Effective May 18, 2009, workers in service industries were covered for the
Ohio tax loopholes worth closing
The debate over Ohio’s state operating budget gets under way for real today when Gov. John Kasich’s two-year budget proposal is revealed. As the General Assembly considers the budget proposal, here’s something that deserves close attention: the $7 billion in exemptions, credits and deductions from state taxes that otherwise would