Newspapers around Ohio discuss the Mid-Biennium Budget Review (MBR) that Governor Kasich is likely to release this in the next couple of days. The media asks how will the administration pay for a $600 million tax cut – cut services or raise revenue or a combination of the two?
The Governor will attempt to raise revenue in order to pay for a tax cut. While this plan may raise revenue in some good ways, it does so for the wrong reasons. If the newspapers are correct, this is a tax shift that will benefit the wealthy.
News: Kasich must sell his new tax cut plan to GOP, Columbus Dispatch
News: Ill-advised tax cuts aside, Ohio Gov. John Kasich’s mid-budget correctives offer a useful chance to fix policy: editorial, Cleveland Plain Dealer
News: Smokers may pay for Kasich’s tax cut, Columbus Dispatch
News: Governor wants top income tax below 5%, Cost to state is $600 million, Toledo Blade