Are Ohio’s tax breaks valid? Rep. Denise Driehaus want them reviewed, assessed
David Holthaus Ohio gives up more than $7 billion in revenue each year through tax breaks to businesses, homeowners and working people. But no one is responsible for methodically examining these tax breaks, all 128 of them. That could change. Rep. Denise Driehaus, a Cincinnati Democrat, has introduced a bill that would set up a […]
Kasich Plan For Tax Hike, Cut Gets Mixed Reaction
Associated Press | NBC4 click through for video A plan by Ohio Gov. John Kasich to tie higher taxes on oil and gas drilling to an eventual reduction of the statewide income tax met with opposition on multiple fronts Wednesday. The oil and gas industry said the tax increase would discourage investment coming as a result of […]
Gridlock in Congress threatens Ohio programs
David Eggert Automatic spending cuts triggered by gridlock on a bipartisan congressional “supercommittee” could cost Ohio nearly $313 million next year, with a large chunk being pulled from funds for poor students and those with special needs. The overall reduction in federal funding for the state
Fracking tax
Editorial Gov. John Kasich understands that Ohio’s much-anticipated oil-and-gas bonanza means that the state’s ridiculously low severance tax should be increased to cover the potential environmental and public health costs of greatly expanded drilling. But he needs a bolder plan than the one he intends to introduce to the Ohio General Assembly on Wednesday. Failure […]
Kasich to pitch policy reforms: Taxes, schools, energy likely topics in review
Joe Vardon Gov. John Kasich is likely to propose a new tax structure for Ohio’s banks that would provide relief for community banks but close loopholes for larger financial institutions, sources tell The Dispatch. Kasich also could propose legislation on Wednesday that would allow Cleveland schools to divorce tenure from staffing decisions
Ohio Gov. John Kasich proposes changes to oil, gas severance tax
Pam Kasey Ohio Gov. John Kasich announced March 14 changes that would increase severance tax payments on oil and gas and an offsetting income tax cut of $1 billion by the latter part of the decade. For wells that are hydraulically fractured, the Republican governor proposed to tax oil and natural gas liquids at 1.5 […]
Sequestration will hurt Ohio children and communities
Contact Wendy Patton, 614.221.4505 Link to full report Download press release Study finds $312.6 million in federal cuts next year alone Federal cuts under the 2011 U.S. “Budget Control Act” will take $312.6 million in federal funds out of Ohio in 2013, according to a new report by Policy Matters Ohio, based on an Ohio […]
Tap the revenue in Ohio’s rocks: editorial
Editorial board Gov. John Kasich wants to offer Ohioans a state income tax cut funded by a new tax on oil-and-gas “fracking” — high volume horizontal hydraulic fracturing — in the state’s Utica and Marcellus shale. That could produce from $666 million to $1 billion for the state treasury over the next five years and would help […]
Kasich to pitch policy reform
Joe Vardon Gov. John Kasich is likely to propose a new tax structure for Ohio’s banks that would provide relief for community banks but close loopholes for larger financial institutions, sources tell The Dispatch. Kasich also could propose legislation on Wednesday that would allow Cleveland schools to divorce tenure from staffing decisions
Kasich eyes bank tax loopholes
Joe Vardon and Jim Spiegel Gov. John Kasich is likely to propose a new tax structure for Ohio’s banks that would provide relief for community banks but close loopholes for larger financial institutions. Kasich also could propose legislation this week that would allow Cleveland schools to divorce tenure from staffing decisions
Kasich plan would raise Ohio drilling tax as much as 4 percent
Mark Niquette, Bloomberg News Oil and natural-gas drillers in Ohio would pay a severance tax as high as 4 percent to fund income-tax cuts under a plan Gov. John Kasich will unveil next week, according to an administration proposal obtained by Bloomberg News. Kasich, a Republican, will call for taxing oil extracted by horizontal drilling […]
Capturing energy waste can save billions of dollars
For immediate release Contact Amanda Woodrum, 216.361.9801 Full report Download press release Report recommends central role for combined heat and power in Ohio The use of combined heat and power technologies in Ohio could save billions of dollars currently lost in the state’s inefficient electric system, according to a report released today by Policy Matters […]