August 12, 2019

Cleveland Scene: Despite Tax Cuts, Lower-Income Ohioans Likely Won’t See Savings Under Ohio’s New Budget

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The budget eliminated the state’s bottom two tax brackets below about $21,000 a year, increased the state’s Earned Income Tax Credit and took other measures to put money in non-wealthy Ohioans’ pockets. But it also slashed taxes for wealthy Ohioans and boosted the state’s gas tax while directing the state to collect sales taxes on online purchases — moves that will likely more than balance out the tax cuts for low-and-middle-income residents, according to a study by the Institute on Taxation and Economic Policy released yesterday by left-leaning think tank Policy Matters Ohio. Read more