Governor Kasich released his budget proposal yesterday, continuing a 10 year strategy of income tax cuts that primarily benefit the wealthy. This strategy has not worked – leaving Ohio with fewer jobs, smaller paychecks, and fewer resources to invest in our neighborhoods and communities.
The budget proposal includes a 23% income tax rate cut that will benefit the wealthiest Ohioans, while increasing sales taxes on everyone. There are some modest improvements to Ohio’s tax policy, but these small changes are extremely limited in comparison to the billions of dollars proposed in this tax shift.
The budget also includes modest investments and and modest budget cuts. Ohio has serious needs including a 16% poverty rate, high levels of childhood hunger, and crumbling infrastructure.
One Ohio Now will continue to work on interpreting the state budget over the coming days, weeks, and months. Follow us on Facebook and Twitter