Ohio
Policy Matters Ohio: Dollars That Make Sense 2009
January 14, 2013
For the 2005 tax year, more than 800,000 Ohio families received the federal Earned Income Tax Credit (EITC), a refundable tax credit for workers in families that make less than $42,000. The average EITC in Ohio was $1,756, bringing more than $1.4 billion into Ohio communities. Adding a 5 percent Ohio EITC to supplement the […]
Policy Matters Ohio: Tapping Top Earners to Meet Ohio’s Needs
January 14, 2013
In order to balance the Ohio state budget, Gov. Ted Strickland has proposed temporarily restoring the last year of a five-year, 21 percent income-tax cut approved in 2005. This October 2009 report examines the effects of implementing the governor’s proposal together with two other measures that would raise income-tax rates on the most affluent: Restoring […]
Policy Matters Ohio: Report to the Ohio Budget Planning and Management Commission
January 14, 2013
The Ohio General Assembly created a Budget Planning and Management Commission to make recommendations on balancing the next state budget. Responding to a commission request for input, Policy Matters Ohio submitted a report to the commission in August 2010. We review the major overhaul of Ohio’s tax system approved in 2005 and the $7 billion […]
Policy Matters Ohio: Analysis finds that cutting Ohio’s tax on capital gains would be costly, 92% of Ohioans would get nothing
January 14, 2013
Cutting the Ohio income tax on capital gains would be costly and most of the gains would go to the most affluent Ohioans, while 92 percent of Ohio taxpayers would get nothing at all. Read the Full Report (PDF)
Policy Matters Ohio: Testimony of Hannah Halbert, Policy Liaison, Policy Matters Ohio before the House Ways & Means Committee on HB 98, March 30, 2011
January 14, 2013
We asked the Institute on Taxation and Economic Policy, a Washington, D.C., research group, to examine House Bill 98. ITEP has a computer model of the tax system of all 50 states. Its analysis of HB 98 covered Ohio residents age 71 and over, a slightly smaller group than those at least 70½. ITEP found […]
Policy Matters Ohio: Testimony to the House Finance and Appropriations Committee on Substitute House Bill 153
January 14, 2013
We remain concerned with House Bill 153 and the numerous and drastic cuts that it makes to education, local governments and a wide range of public services. While the committee has restored funding for some important services, others have been reduced. This will be a zero sum game unless the General Assembly takes the necessary […]
Marietta Times: Tax cut delay hits 2009 returns
January 7, 2013
(PDF of the Original Post) By Evan Bevins, [email protected] POSTED: December 19, 2009 Thursday’s approval of Ohio Gov. Ted Strickland’s plan to delay a tax cut will cost a majority of residents less than $70. For the 20 percent of taxpayers making more than $76,000, the difference will be in the three- or even four-digit […]
Associated Press: Ohio tax cut delay means less cash for taxpayers
January 7, 2013
(PDF of the Original Post) By STEPHEN MAJORS (AP) COLUMBUS, Ohio — Ohioans will pay more in 2009 taxes than expected because a budget compromise expected to clear the Legislature on Thursday delays the last in a series of tax cuts begun four years ago. The agreement delays a scheduled income tax cut to fill […]
Advertiser-Tribune: Budget deal may save great deal of budget cutbacks
January 7, 2013
(PDF of the Original Post) That huge whooshing sound you may have heard Thursday was made by school administrators across Ohio breathing a sigh of relief. It’s not that the Legislature made their jobs any easier, mind you; implementing changes expected to follow the governor’s evidence-based education reform plan could present another set of challenges. […]
Toledo Blade: Revisit Ohio’s tax cuts
January 7, 2013
(PDF of the Original Post) By ZACH SCHILLER THE State of Ohio, you may have heard, has a budget problem. The state budget will be billions of dollars short in the two years that start next July 1. It’s easy to attribute this problem to the economy, and that’s certainly part of it. But a […]
Hamilton Journal-News: John McNay: How did Ohio reach this state of crisis?
January 7, 2013
(PDF of the Original Post) 2:18 PM Wednesday, March 23, 2011 Ohio’s state government deficit is likely to be nearly $8 billion this year. That’s a fact. The real question is: How did we get there? By “accident”? Was it just “fate”? Or is it possible that this is a manufactured problem? In the struggle […]
Toledo Blade: Kasich defends plan to slash income tax
January 7, 2013
(Original Post) BY JIM PROVANCEBLADE COLUMBUS BUREAU CHIEF DUBLIN, Ohio — As Micah Hetrick, of Dublin, who is developmentally disabled, proudly boasted Monday of his job and paycheck, Gov. John Kasich quipped, “We’re trying to cut his taxes.” The remark drew laughs at Dublin Methodist Hospital, where the governor promoted a plan to employ people […]
Forbes: How The Wealthy Plan to Finance The American Aristocracy With Middle Class Dollars
January 4, 2013
(PDF of Original Post) Mar. 11 2011 – 4:57 pm The quest for influence, power and control at all levels of government has long played out through large political contributions and the big bucks paid to lobbyists to accomplish special interest objectives. And while the game has often been ‘rigged’ to benefit the wealthy in […]
FireDogLake: Michigan Becomes Latest State With Worker-Led Uprising
January 4, 2013
(PDF of Original Post) By: David Dayen Wednesday March 16, 2011 11:36 am The team at MichaelMoore.com is streaming live video all day long from protests in Lansing, the latest site to see a backlash to Republican-led efforts to weaken the rights of workers. Moore says that over 6,000 protesters occupied the Rotunda in the […]
Post-Star (NY): Commentary: Anti-tax Governors just getting started
December 21, 2012
Original Post By Matthew Gardner, Executive Director Institute on Taxation and Economic Policy July 28, 2011 Twelve new governors who ran on anti-tax platforms have now signed their first fiscal year budgets. All of them will tell you they were elected with a mandate to get their state’s fiscal house in order, rein in government […]
La Crosse Tribune: Matthew Gardner: Anti-tax govs just getting started
December 21, 2012
Original Post July 31, 2011 COMMENTARY Twelve new governors who ran on anti-tax platforms have now signed their first fiscal year budgets. All of them will tell you they were elected with a mandate to get their state’s fiscal house in order, rein in government spending and cut taxes. Some of them will even tell […]
Cincinnati CityBeat: Here’s Why the ’99 Percent’ Are Pissed
December 19, 2012
(Original Post) By Kevin Osborne · November 9th, 2011 · Porkopolis Even the most ardent political junkie probably missed the news amid all the other reports last week about Ohio Issue 2, Cincinnati Issue 48, the looming City Council elections and the drama over the Occupy protests being busted up across the nation. While the […]
Plain Dealer: Politifact- Sen. Rob Portman says the U.S. has the second highest corporate tax rate
December 19, 2012
(Original Post) “We have the second highest corporate tax rate among our trading partners.” Rob Portman on Friday, November 11th, 2011 in a Joint Select Committee on Deficit Reduction hearing Tax reform was an issue addressed by the Joint Select Deficit Reduction Committee, aka the supercommittee, in its failed quest to reduce the federal budget […]
Bloomberg: Sixty-Eight U.S. Companies Avoided State Income Tax, Study Finds
December 19, 2012
(Original Post) By Andrew Zajac – Dec 7, 2011 12:29 AM ET Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic […]
The Epoch Times: Many Large Firms Paid No State Taxes, Report Says
December 19, 2012
(Original Post) By Alex JohnstonEpoch Times Staff Created: December 8, 2011 Last Updated: December 8, 2011 A report released on Wednesday found that 68 large companies in the United States paid no state income taxes in at least one of the past three years, and 20 of these companies had a tax rate of zero […]
Policy Matters Ohio: Bolster the income tax to meet Ohio’s needs
December 17, 2012
Public services, though sometimes invisible, are a crucial element in a thriving economy. To restore critical services and invest in the future, Ohio should boost income-tax rates on its highest earners. Read the Full Report (PDF)
Policy Matters Ohio: Ohio needs a strong income tax
December 17, 2012
“Ohio’s income tax plays a crucial role in helping the state meet vital needs, and is the only major state tax based on ability to pay. This brief, a resource for the public and policymakers alike, explains why Ohio needs a strong income tax.” Read the Full Report (PDF)
Policy Matters Ohio: Income-tax cut would favor affluent; Middle-class Ohioans wouldn’t get enough for a tank of gas
December 17, 2012
“Poor and middle-income Ohioans would get little out of Gov. John Kasich’s proposed income-tax cut, while the highest-income Ohioans would see reductions in the thousands of dollars. While House Republicans have sidelined the proposal for now, Rep. Ron Amstutz, chair of the Finance and Appropriations Committee, indicated it will be taken up in the future.[1] […]
Chicago Tribune: The case for a graduated income tax in Illinois
December 17, 2012
(Original Post) Tuesday, February 28, 2012 If Illinois were to adopt the same graduated income tax rate structure as Iowa, Illinois would raise $6.3 billion more in revenue than it does from its current five percent flat rate, while 54 percent—over half—of all taxpayers would pay less in state income taxes…from The Case for Creating […]
The Columbus Dispatch: Still a good catch?
December 17, 2012
(Original Post) By Tim Feran The Columbus Dispatch Sunday March 18, 2012 9:40 AM When Ohio offered Sears big money in hopes the retailer would relocate its headquarters to central Ohio, it seemed like a rare chance to snag an iconic American company. Sears dashed Ohio’s hopes in December by deciding to stay in Illinois. […]
