Ohio
Policy Matters Ohio: The Sorry State of Corporate Taxes
February 26, 2014
Two Ohio companies — American Electric Power and FirstEnergy — were among the 26 major companies that in the aggregate paid no federal income tax over the five-year period between 2008 and 2012. Most companies included in this new study aren’t paying anywhere near the statutory 35 percent tax rate. Read the Full Report
Toledo Blade: Gov. Kasich says it’s his duty ‘to serve everyone,’ so why is he proposing another unneeded, unequal tax cut?
February 26, 2014
(Original Post) GOV. John Kasich launched this year’s re-election campaign with his State of the State address Monday night. The speech was designed to — and did — appeal to his core political constituency. Whether other Ohioans were equally persuaded by his insistence that “I’m your governor” is questionable. Mr. Kasich asserted during his message […]
The Columbus Dispatch: Income tax cut, sales tax expansion debated
February 26, 2014
(Original Post) By Jim Siegel The Columbus Dispatch Tuesday February 12, 2013 2:22 PM Ohio Tax Commissioner Joe Testa told lawmakers today that the expansive tax overhaul package proposed by Gov. John Kasich will make a fundamental shift from a reliance on income taxes to a consumption tax. “High income tax rates are toxic to […]
Toledo Blade: Whose tax cut?
February 20, 2014
(Original Post) The latest scheme to cut state income tax rates would favor the rich, increase inequality, and harm basic services Gov. John Kasich and many members of the Republican-controlled General Assembly will campaign for re-election this year largely on their efforts to cut Ohio’s personal income tax yet again. Voters — at least middle-class […]
Cincinnati City Beat: Kasich’s Tax Proposal Favors Wealthy
February 18, 2014
(Original Post) February 14th, 2014 By German Lopez | News | Posted In: News, Economy, Governor Proposal would let poor buy a slice of pizza, while top 1 percent could buy a trip to Italy Gov. John Kasich’s income tax proposal would disproportionately favor Ohio’s wealthiest, an analysis from Policy Matters Ohio and the Institute […]
MLive.com: Immigration officials up pressure on undocumented workers in Michigan
February 18, 2014
(Original Post) By Gary Ridley | [email protected] on February 16, 2014 at 6:30 AM, updated February 16, 2014 at 6:35 AM FLINT, MI — Jose Guerra was 15 when he started working illegally in the United States. Guerra, now 25, said he, his parents, two brothers and sister left Mexico in 2003 to find work […]
Policy Matters Ohio: Income-tax cut would favor well-to-do
February 14, 2014
An across-the-board cut in rates favored by Gov. Kasich may allow low-income Ohioans to buy a slice of pizza a year, on average. Those in the middle could purchase a cheap pizza maker, while the state’s most affluent taxpayers could use their cut to go on a round-trip for two to Italy, with money left […]
Open Sky Policy Institute: Typical family pays less tax in Nebraska than in most similar states
January 24, 2014
Middle-income Nebraskans pay relatively low taxes compared to their counterparts in eight nearby states with similar economies and tax structures. A family earning the median family income in Nebraska ($63,442) would pay less in taxes than a similar family in all but two of these states – Colorado and Kansas. (Table 1) The other comparable […]
Al Jazeera America: America’s crumbling infrastructure desperately needs funding
January 17, 2014
(Original Post) by Patrick J. Natale January 17, 2014 Congress should act now to avoid a transportation fiscal cliff in 2015 Last month, Rep. Earl Blumenauer (D-Oregon) introduced the Update, Promote and Develop America’s Transportation Essentials (UPDATE) Act. The proposed bill lays out a clear roadmap on how to restore and modernize America’s surface transportation […]
Policy Matter Ohio: Homestead Exemption Still Out of Whack
January 3, 2014
The state budget approved in June limits eligibility for Ohio’s homestead exemption, but doesn’t do enough to focus the property-tax break on seniors who need it most. Read the Full Report
Toledo Blade: Another tax spin
November 13, 2013
(Original Post) Ohio Sen. Chris Widener (R., Springfield) deserves credit for his key vote to expand Medicaid in Ohio. But his second act — turning the expansion’s estimated savings into an income tax break for Ohioans — is another matter. It represents a spin for his conservative base and another unnecessary measure to reward the […]
Policy Matters Ohio: Another Ohio tax cut for the affluent?
October 29, 2013
Senate bill 210 would take the savings from Medicaid expansion and use it for an across-the-board income-tax cut that might buy a cup of coffee for low-income Ohioans but would give the average top earner enough for a trip to Paris. Read the Full Report
Policy Matters Ohio: A Credit that Counts
October 21, 2013
More than 440,000 Ohioans will be eligible for the state’s new Earned Income Tax Credit, at an average of $74 per recipient. However, the Ohio EITC is one of the smallest among state credits and has three weaknesses that mean it does less to help working families and reduce poverty than it should. Read the […]
Politico: Arthur Laffer is back as GOP tax man
October 15, 2013
By RACHAEL BADE | 10/14/13 11:03 PM EDT Four decades ago at the Washington Hotel, a quirky economist made a pitch on the back of a napkin to Ford administration officials Dick Cheney and Donald Rumsfeld: Cutting taxes would create an economic boom. Back then, many Republicans opposed tax cuts, but that famous “Laffer […]
Center for American Progess: The Real Cost of Cuccinelli
September 23, 2013
Besides working on these major research projects, I developed CTJ/ITEP’s strong online media presence. One of the most important roles I play is as the primary web manager for both CTJ and ITEP. Similarly, over the past two years I successfully initiated and then maintained CTJ and ITEP’s social media presence. Center for American Progress […]
New Census Bureau data released this month show that the share of Americans living in poverty remains high, despite other signs of economic recovery. The national 2012 poverty rate of 15 percent is essentially unchanged since 2010 , but still 2.5 percentage points higher than pre-recession levels. This means that in 2012, 46.5 million, or about 1 in 6 Americans, lived in poverty.1 The poverty rate in most states also held steady with five states experiencing an increase in either the number or share of residents living in poverty while only two states saw a decline.2
Policy Matters Ohio: Cutting taxes isn’t helping Ohio
September 11, 2013
For years, North Dakota has had the lowest unemployment rate of any state in the nation. Nevada, by contrast, has had the highest. North Dakota has a personal income tax, while Nevada has no personal income tax. There are, of course, other states that show a different pattern. We cite this to illustrate that taxes, […]
Portsmouth Daily Time: To the Ohio House of Representatives, Tax Reform Study Committee
August 21, 2013
A study by the Joint Economic Committee of the Congress found in the 1970s that state taxes were one of the least driving factors in business location decisions, in part because state taxes could be written off on Federal taxes. Quality of life factors were seen as far more important. The Tax Foundation, set up in the 1930s to combat rising taxes under the New Deal, estimated in a 2006 study of businesses in North America, Europe, and Asia Pacific that taxes accounted for 7 to 13 percent of business cost in manufacturing, and just 3 to 7 percent in…
Think Progress: GOP Governor Inadvertently Makes Case For Immigration Reform: We ‘Need To Reach Out To People Who Live In The Shadows’
August 16, 2013
Ohio Gov. John Kasich (R) on Thursday made a strong case for creating a pathway to citizenship for undocumented immigrants -- without even knowing that's what he was doing.
Tax incentives are intended to spur economic growth that would not have otherwise occurred. More specifically, these narrowly targeted tax breaks are usually offered in an attempt to convince businesses to relocate, hire, and/or invest within a state's borders.
PBS: How Low Can They Go? Arthur Laffer Defends Slashing State Income Taxes
August 1, 2013
In this 2012 Making Sen$e report, former Reagan White House economic adviser Arthur Laffer drew his famous curve on a napkin -- just the way he did for the Ford administration -- and explained how it works.
The Advocate: Sales tax holiday begins Friday
July 31, 2013
[email protected] July 31, 2013 State sales tax will take a holiday this weekend, giving consumers a chance to save on the purchases of clothes, appliances, electronics and other goods. Lifting the 4 percent state sales tax is a tradition that dates to the aftermath of 2005’s Hurricane Katrina, when legislators wanted to help storm […]
Think Progress: Two Weeks After Slashing Taxes For The Rich, Ohio Governor Wants More
July 19, 2013
(Original Post) By Alan Pyke on Jul 19, 2013 at 9:00 am Gov. John Kasich (R) wants to get the top income tax rate in Ohio down below 5 percent, Cincinnati.com reported Thursday. The speech came 18 days after Kasich signed a budget that gives top earners in the Buckeye State a $6,000 per-person tax […]
Stateline: Little Financial Aid to States in Immigration Plan
July 18, 2013
(Original Post) By Daniel C. Vock, Staff Writer The immigration overhaul passed by the U.S. Senate could put a big squeeze on the budgets of state and local governments. The proposal does not help states pay for costs incurred by required policy changes, including ramped up English classes and greater access to public hospitals and […]
Bloomberg BNA: Sales Tax Slice: Attention Shoppers – A Sales Tax Holiday is Occurring in a State Near You
July 15, 2013
(Original Post) Thursday, July 11, 2013 by Rebecca Helmes Your kids may have just finished school for the summer, but it’s time to start devising your back-to-school shopping plan. A break from sales taxes may come as a welcome respite for consumers and retailers. But these tax vacations have been consistently panned from a fiscal […]
