WOSU
The proposed budget from Republican leaders in the Ohio Senate includes a 5% income tax cut estimated to cost the state $874 million over two years. A new analysis of that tax cut finds most Ohioans won’t even notice the change.
Three-fifths of Ohio s taxpayers make less than $64,000 a year. Policy Matters analysis finds those taxpayers will get 7% of the income tax cut.
Once the tax cut would be fully instituted, people making an average of $52,000 a year get an average of $22 back. Those in the next highest bracket, making an average of $82,000 yearly, get back an average of $59. Those in the top 1%, who make an average of $1.3 million a year, would get an average break of $1,712.
Analysis finds they would do little for most Ohioans
The Ohio Senate proposal to cut income-tax rates by 5% would favor the richest Ohioans without doing anything to help Ohioans making less than $22,000 a year, according to a study Policy Matters Ohio released today. In that, the measure is similar.
Gov. DeWine cut the $300 weekly unemployment benefit to get people back to work. But that doesn't account for the real reasons many haven't returned to their old jobs.
203%, 102%, 101%: That’s the amount state funding would increase for the Cleveland Heights-University Heights City School District, the Middletown City District and Columbus City Schools if the General Assembly passes the Fair School Funding Plan. All kids deserve to go to a school with advanced classes, modern technology, great.