Ohio

This bill proposes a substantial rewriting of Ohio’s property and personal income taxes. It is an overly complicated, poorly designed bill that does not achieve what the sponsor claimed it…

One of Ohio House Speaker Jason Stephens’ top-priority bills, House Bill 1, is a massive giveaway to the rich, and the first of two such proposals by leading Republicans in…

The expanded federal child tax credit (CTC) improved the lives of millions of children and families. We outline how a simple solution — direct payments to families with children —…

Instead of using Ohio’s public resources to build strong, resilient communities, the General Assembly approved income-tax cuts that would favor the very wealthiest Ohioans, while providing only modest benefits for…

Income-tax cuts approved by the General Assembly in the budget bill would favor the very wealthiest Ohioans, while providing only modest benefits for moderate-income Ohioans and nothing at all to…

Our success as a state and a nation depends on whether all people, regardless of race, have the opportunity to thrive. From the beginning, American policies and practices oppressed, exploited…

Moreover, the 2017 federal tax law has put more money in the pockets of many Ohio business owners. The Tax Cuts and Jobs Act, slashed corporate taxes and provided a…

The main tax measures in Ohio’s new budget bills will bring tax increases on average for lower- and middle-income taxpayers, while those at the top of the income scale on…

The federal credit is so effective that 29 states, including Ohio, have used it as a model for their own EITCs, calculating the state credit’s value as a percentage of the federal one. However, Ohio’s credit leaves out the most important part: refundability.

The tax plan approved by the Ohio House last week would sharply limit an income-tax break for business owners that costs more than $1 billion a year while providing few…

Last week, the Ohio Senate took a leap backwards by removing $100 million for public transit from the Transportation Budget allocated by the Ohio House of Representatives. They also took…

As noted, of the three deductions, by far the most taxpayers took advantage of the deduction for self-employment taxes. The Institute on Taxation and Economic Policy, which has a model…

The Institute for Taxation & Economic Policy performed the analysis for Policy Matters. Consider that those Ohio families with annual incomes below $19,000 paid an average 12.3 percent of their…

Ohio’s upside-down tax system takes an especially heavy toll on black and Latino residents. That’s the finding of new research from the Institute on Taxation & Economic Policy (ITEP), a…

The Institute on Taxation & Economic Policy has examined the major state tax changes since 2005. For the top 1 percent, who make at least $480,000 a year, the tax cuts average $40,790 annually. Middle-income Ohioans on average have not received a cut, while those in the poorest fifth, earning less than $22,000, got an average increase of $140.

After presenting the recommendations contained within a new report Tuesday morning, Policy Matters Ohio researcher director (and the report’s lead author) Zach Schiller was asked whether or not Ohio, a “center-right state,” would realistically support a tax code overhaul that proposed taxing Ohio’s wealthiest at a higher rate.

Policy Matters proposes the following changes to the state income tax […] This would generate almost $2.6 billion a year, including the cost of expanding the EITC, according to analysis…

In one week, Democratic and Republican voters will choose their candidates for the November election. That includes the selections for governor, the job coming open after eight years with John Kasich. The governor has his achievements, most notably, the Medicaid expansion. His tenure also frames a worthy debate for this campaign.

Fortunately, Innovation Ohio and Policy Matters Ohio, two think tanks, highlighted that discussion last week in unveiling their report “A Winning Economic Agenda for Ohio’s Working Families.”