Caveat Issued for Ohio Ballot Issue
Report: State would be risk investor Cincinnati Enquirer Backed by Republicans and Democrats, business executives and unions, Ohio Gov. Bob Taft is stumping statewide for the Nov. 4 ballot issue authorizing the sale of $500 million in bonds for high-tech industrial development.
Jobless hammer hits hard in Ohio
State ranks third in job losses from recession, having lost 185,000 Akron Beacon Journal CLEVELAND – Ohio workers have been among the nation’s hardest hit during the most recent recession, according to a work force report released Sunday by Policy Matters Ohio, a research institute in Cleveland.Ohio’s unemployment rate, which includes people not working but […]
Latest Recession Hit Ohio Particularly Hard
Columbus Dispatch CLEVELAND (AP) – Ohio lost 185,000 jobs from 2001 through March of this year, according to a study released yesterday by a private economic think tank. Full Article
Ohio Felt Recession Harder
Report says state lags behind in U.S. recovery By William Hershey Dayton Daily News COLUMBUS | The national recession may have ended in November 2001 but the bad economic news continued for thousands of Ohio workers like Tony Roberts and Jay Darryl Booth who were laid off in January from Delphi Corp. plants in Moraine. […]
Study: Ohio Loses Corporate Taxes
State collects less than half of potential revenue Dayton Daily News COLUMBUS | Ohio lost 56.9 percent of potential corporate tax collections to business tax shelters in fiscal 2001, a loss rate second nationally only to West Virginia s 57.8 percent, according to a national study released this week. Full Article
Brown Blasts Republican Tax Cut
Lorain Morning Journal ELYRIA U.S. Rep. Sherrod Brown, D-Lorain, yesterday called a Republican tax cut bill a political ploy that’s holding up efforts to give a child tax credit to low-income working families, but Republicans said they disagree. We are calling today on President Bush and the House of Representatives to enact the same kind […]
Brown Wants Tax Credit Extended To Poor Families
Elyria Chronicle-Telegram ELYRIA U.S. Rep. Sherrod Brown, D-Lorain, is trying to extend a child tax credit to parents whose income falls below the federal requirements that would allow them to take advantage of the credit.
Northeast Ohio Pulls Hefty Chunk of Change From Taft’s Third Frontier Project
WCPN Northeast Ohio pulled in a hefty chunk of change this month from Governor Taft’s Third Frontier project-a plan to invest a total of 1-point-6 billion dollars in biotech and high-tech research over the next decade. Seventy four-million dollars was available for this year’s grants…and Northeast Ohio got more than half. The goal of pouring […]
Tax Cut Good News For Some, Bad News For Others
Benefit for most workers, business, economy, but not for some with rising pay, investments The Toledo Blade Many thousands of Toledo-area taxpayers will be among 25 million families getting extra mid-year tax refunds starting next month. Full Article
Effect Of Tax Cut Differs From Family To Family
What you earn, what you spend it on are factors Dayton Daily News The new federal tax-cut bill will create a new tax landscape, as states and local communities scramble to fill the holes left by reduced federal spending.
State Official Wants Reform of Laws on Corporate Taxes
Columbus Dispatch Tax Commissioner Thomas M. Zaino knows how companies beat the government out of taxes. He used to help them do it. Zaino, 39, left the private sector — he was a partner in the Columbus office of the PricewaterhouseCoopers accounting firm — to join the Taft administration in 1999. Full Article
Ohio’s Big Businesses Beating Tax System
Budget bill does little to close loopholes and ease burden on workers, some critics say Columbus Dispatch Why are so many Ohio corporations paying so little tax? That’s the $64,000 question — or maybe the $50 question. Of 101,411 nonfinancial businesses liable for corporate-franchise tax in 2002, 46 percent of them owed the minimum $50, according […]