February 14, 2017

The Cinnicinati Enquirer: Kasich budget doubles down on approach that hasn’t worked

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We asked the Institute on Taxation and Economic Policy, a national nonprofit research group with a model of state and local tax systems, to analyze how the proposal would affect Ohioans in different income groups. The news is not good. ITEP found that:

  • The middle fifth of income earners, who made between $36,000 and $56,000 last year, would see an average increase of $44.
  • The poorest fifth of Ohioans, who made less than $21,000, would see an increase averaging $64.
  • The top 1 percent, who made more than $457,000, would get an average annual tax cut of $2,412.

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