October 28, 2014
The Institute on Taxation and Economic Policy (ITEP), a nonprofit Washington, D.C., research group with a model of the tax system, reviewed the effects of income tax repeal. It found that if the tax were repealed and just half of it was replaced with a higher sales tax, the top 1 percent of Ohio residents, who […]
October 3, 2014
In reality, however, Kansas’ job growth stagnated in 2012 and income growth fell. Far from a stimulus plan, Brownback’s tax cuts were a massive program of redistribution for the rich. According to a report from the Institute on Taxation and Economic Policy, the bottom 20 percent of Kansas taxpayers saw their tax burden increase by […]
October 3, 2014
In 2011, the state of Florida spent $8,887 per-pupil, ranking it 38th among the states, according to a report by Governing magazine based on Census data. Ohio ranked 18th that year, spending $11,223 per pupil. That same report showed that Ohio’s graduation rate for all students was nine percentage points higher than Florida. The rate […]
September 22, 2014
An analysis by the Institute on Taxation and Economic Policy and Policy Matters Ohio, a labor-backed research group, found that when accounting for nearly all tax changes approved in the past two budget bills, about 70 percent of Ohioans will save less than $100 this year. The study found that those with the lowest incomes […]
September 22, 2014
“In Ohio, a separate recent study by the Institute on Taxation and Economic Policy reported that the state’s tax changes since 2005 are giving the richest 1 percent of taxpayers — those with average annual incomes of more than $1 million — a typical tax cut of $20,000 a year. That’s a greater tax cut, […]
August 26, 2014
Changes to the Ohio EITC this summer doubled the credit, but poor design choices mean that most low-income working families won’t get the benefit. Read the full report
August 25, 2014
“Zach Schiller of Policy Matters Ohio has assessed the broad impact of the changes, with the help of the Institute of Taxation and Economic Policy, a research group in Washington. In a report released this week, he found that as a result, the state has experienced a net decrease in revenue of $3 billion a […]
August 20, 2014
By the Editorial Board: Nearly a decade ago, Ohio placed a fateful bet: that big tax cuts, especially for the state’s richest people and corporations, would generate strong job creation, economic growth, and revenue increases. That mostly hasn’t happened. Columbus’ tax-cut scheme — which costs about $3 billion a year — has forced huge reductions […]
August 18, 2014
Tax overhauls in the past nine years have slashed average tax bills for the top 1 percent by more than $20,000, while the bottom three-fifths pay more as a group. Read the full report
July 21, 2014
“According to an analysis done for the progressive advocacy group Policy Matters Ohio by the nonpartisan Institute of Taxation and Economic Policy, fully half of this year’s $400 million tax cut will go to the top 5 percent of Ohio taxpayers. Ohio’s 1 percent — those with average annual incomes of more than $1 million […]
July 10, 2014
“Cutting the income tax does little for the poorest Ohioans because they don’t have much income-tax liability to begin with, Schiller said. As they review current tax breaks, Schiller said, state leaders should restore and expand funding to local governments, schools, and health and human services, all of which he said would improve communities and […]
July 7, 2014
Most of the $400 million-plus in tax cuts for Fiscal Year 2015 will go the affluent. The Mid-Biennium Review also continues with an unfortunate Ohio tradition of permitting or enlarging tax benefits to special, narrow groups of taxpayers. Read the Full Report
July 7, 2014
Like other income-tax cuts, the latest batch favors the wealthiest Ohioans. An analysis by the Institute on Taxation and Economic Policy, a nonprofit research group with a model of the tax system, found that the top 1 percent of Ohioans, who had incomes of at least $360,000 last year, will receive an average tax cut […]
June 3, 2014
The progressive advocacy group Policy Matters Ohio worked with the Institution on Taxation and Economic Policy, a nonpartisan organization in Washington, to analyze the Senate bill. They conclude that most of the tax relief in the measure would go to the top 5 percent of Ohioans — those who earned at least $151,000 last year. […]
May 30, 2014
By Maggie Thurber, May 30, 2014 Ohio is once again considering an August sales tax holiday for schools supplies and equipment, but two tax groups think it’s a bad deal for taxpayers. House Bill 450 would provide a three-day “holiday” each August. Sales and use taxes would not be charged on back-to-school clothing, school supplies, personal […]
April 28, 2014
Repealing the Ohio income tax would blow an enormous hole in the state budget. It would have to be paid for with gigantic budget cuts or major increases in other taxes. Read the Full Report
April 11, 2014
Information from the Institute on Taxation and Economic policy showed the top 1 percent of Ohio taxpayers would receive about $2,847 in tax cuts, but Schiller said residents making between $34,000 and $54,000 a year would only see a tax break of about $13.
March 18, 2014
Gov. John Kasich’s new tax proposal would deliver annual tax cuts averaging more than $2,800 to the top 1 percent of Ohio taxpayers while those in the bottom two-fifths would pay more on average than they do now. Read the Full Report
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
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 […]
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 […]
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 […]
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 […]
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
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 […]