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
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 […]
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, […]
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…
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.
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 […]
July 3, 2013
(Original Post) State Republicans lower taxes for the rich, defund Planned Parenthood and try to block health care for the poor in Kasich-signed budget BY GERMAN LOPEZ · JULY 3RD, 2013 With Gov. John Kasich’s signature, Republican state officials on June 30 passed a budget that alters taxes, schools, Medicaid and abortion services in Ohio, […]
June 28, 2013
Last-minute tweaks in the tax plan put forward by Ohio House and Senate Republicans do not significantly change its impact for different income groups. The plan still will reward Ohio’s most affluent with average annual tax cuts of more than $6,000 a year, while low-income Ohioans will pay slightly more. That is the conclusion of […]
June 26, 2013
(Original Post) By Jim Siegel The Columbus Dispatch Wednesday June 26, 2013 8:58 AM A new analysis yesterday added fuel to criticism of a new tax plan that would decrease Ohioans’ income tax but increase the state sales and commercial activities taxes. A study for Policy Matters Ohio by the Institute on Taxation and Economic […]
June 25, 2013
The new tax plan proposed by House and Senate Republicans will reward Ohio’s most affluent with average annual tax cuts of more than $6,000 a year, while low- and moderate-income Ohioans will pay slightly more. Read the Full Report
April 22, 2013
Since the 21-percent reduction in state income taxes approved in 2005, Ohio’s economy has underperformed the nation. There is little reason to believe that another round of income-tax cuts will produce a different result.Read the Full Report
April 22, 2013
(Original Post) By Brandon Blackwell, The Plain Dealer on April 15, 2013 at 8:00 PM, updated April 15, 2013 at 8:03 PM COLUMBUS, Ohio – Gov. John Kasich’s plan to slash income taxes would allow Ohioans to keep more of what they earn than the revamped proposal by his fellow Republicans in the Ohio House. […]
April 15, 2013
(Original Post) By Plain Dealer guest columniston April 14, 2013 at 3:00 AM On April 13, 2001, my son’s preschool was closed for Good Friday, and I was very pregnant, not done with my tax return and facing a mountain of work before my baby arrived. After running my son around all morning, I warned […]
April 8, 2013
Gov. John Kasich’s proposal to broaden the sales tax may not survive, or it could be scaled back. Legislators should consider a sales-tax credit anyway, because the existing sales tax helps slant our current state and local tax system against low- and moderate-income taxpayers. Read the Full Report
April 8, 2013
(Original Post) By Brandon Blackwell, The Plain Dealer on April 07, 2013 at 12:01 AM, updated April 07, 2013 at 12:05 PM COLUMBUS, Ohio – Ohio lawmakers have spent weeks poring over hundreds of proposed amendments to Gov. John Kasich’s “Jobs Budget 2.0” as they prepare to introduce on Tuesday what could be a vastly […]
April 2, 2013
(Original Post) Published: 3/30/2013 Gov. John Kasich’s proposed changes to Ohio’s tax system, which include broadening the sales tax base and slashing income and business taxes, would reward Ohio’s wealthy but do little for poor and working-class families. Even if Mr. Kasich doesn’t get everything he wants in the next two-year budget, the tax plan […]
March 22, 2013
(Original Post) Published: 3/21/2013 Gov. John Kasich’s proposal to expand Ohio’s sales tax is provoking a high degree of bipartisanship in Columbus. Unfortunately for the governor, most of it is in opposition to his plan. The governor wants to lower the sales tax rate from 5.5 to 5 percent. At the same time, he wants […]
March 15, 2013
If Ohio is going to broaden the tax base, the state should adopt a state Earned Income Tax Credit (EITC), as 25 states (including the District of Columbia) have done. It is good policy at any time, especially when legislators are considering raising taxes on those least able to pay. An EITC not only helps […]
February 19, 2013
(Original Post) When he delivers his State of the State message in Lima tonight, Gov. John Kasich is likely to argue that Ohio’s tax code is not keeping up with changes in the state’s economy. But the governor’s new budget proposal would make the Ohio tax structure more regressive, while doing too little to close […]
February 7, 2013
Income tax cuts will increase inequality in Ohio and do little for our economy. The Kasich administration proposal to broaden the sales tax base, if done carefully, is helpful because our economy has shifted to services, many of which have been untaxed. However, this will disproportionately affect low- and middle-income Ohioans, so steps should be […]
February 7, 2013
(Original Post) Updated: 11:43 a.m. Wednesday, Feb. 6, 2013 | Posted: 6:25 p.m. Tuesday, Feb. 5, 2013 By Jackie Borchardt COLUMBUS — Ohio Gov. John Kasich will be in Dayton on Thursday to have a panel discussion with small business owners and economic policy experts about his plan to cut income and sales tax rates. […]
January 15, 2013
In the spring of 2008, Ohio’s state government finds itself in familiar territory – facing a budget shortfall because of an inadequate revenue system and a slowing economy. Despite the worsening economic outlook, state policy makers refuse to consider revenue-raising alternatives and are committed to allowing a scheduled cut in income tax rates to take […]
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 […]
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 […]
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 […]