June 29, 2015

Columbus Dispatch: Gov. Kasich Praises Ohio Budget but Plans to Veto Some Measures

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Flanked by two men who were not enamored of some of his highest-profile initiatives, Kasich praised Ohio’s new $71.2 billion, two-year budget as “good stuff” on Friday.

The latest analysis from the Institute on Taxation and Economic Policy says the tax package will provide an average annual tax cut of $10,236 for the top 1 percent of Ohio income filers, and an average $749 cut for the rest of those in the top 5 percent.

Meanwhile, the lowest 40 percent of filers, on average, would see small tax increases, while those earning $37,000 to $89,000 would see cuts averaging $20 to $65.

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