Toledo Blade: Bad State Budget
media mentionThe nonpartisan Institute on Taxation and Economic Policy estimates that the new budget gives the top 1 percent of Ohio taxpayers — those whose annual incomes exceed $1 million — a tax cut of more than $10,000 a year. They get half the total tax relief.
By contrast, the poorest 40 percent of Ohio households, with incomes of less than $37,000 a year, will pay slightly higher taxes, the analysis says. That is, the new budget shifts the tax burden from those Ohioans with the greatest ability to pay to those with the least. What a deal.