April 14, 2015

The Toledo Blade: Lawmakers Should Expand the State EITC

media mention

Ohio has pursued an increasingly regressive tax system in recent years, and Governor Kasich’s proposed new tax plan would continue that trend. Through a combination of income tax cuts and increases in the state sales tax and other taxes, the plan would increase the tax liability of Ohio households in the bottom 60 percent of earners and decrease taxes for the top 40 percent, according to analysis by the nonpartisan Institute on Taxation and Economic Policy.

Under the proposal, Ohioans in the bottom 20 percent would pay, on average, $116 more in taxes annually — nearly 1 percent of their annual incomes. Earners in the top 1 percent would pay thousands less, the analysis estimates.


Read more at http://www.toledoblade.com/Editorials/2015/04/14/Tax-fairness.html#z0FlIDHO0jyVRVly.99



Share