corporate taxes
Ohio tax breaks adding up, watchdog says
A new analysis says that 15 new tax breaks — many benefiting wealthy people and corporations — are coming online in Ohio. That will swell the total cost of tax breaks in the state to $11 billion a year, or 37% of the state's annual revenue, the report by Policy Matters Ohio said. The new breaks will cost the state an additional $450 million a year as the state is ending a process to review the worthiness of its tax breaks, the report said.
After big windfall for energy companies, Ohio economists divided on profits tax
Is it a good idea to tax energy companies on all the barrels of extra cash oil companies made off of this year's high prices? A panel of Ohio economists is divided.
While the GOP carps about Biden’s infrastructure plan, voters already are saying ‘Yes, please’
Here’s a quiz for the Republican politicians among you, check as many as apply. Do you support: Repairing and rebuilding America’s deteriorating network of roads and bridges, including the interstate highway system brought to life by GOP President Dwight D. Eisenhower? Ensuring that every American public student isn’t drinking water out of lead pipes and […]
Three Ohio energy giants haven’t paid federal income taxes in three years
They're making billions and they've gotten hefty subsidies from ratepayers. Yet three big energy companies doing business in Ohio haven't paid federal income tax since the 2017 Trump tax cuts, according to a new report.
Biden wants corporations to pay for his infrastructure plans, echoing a history of calls for companies to chip in when times are tough
By Stephanie Leiser, University of Michigan President Joe Biden just proposed a roughly $2 trillion infrastructure plan, which he ambitiously compared to the interstate highway system and the space race. He aims to pay for it solely by taxing companies more, including the first increase in the corporate tax rate since the 1960s. Biden said […]