Analysis: Business tax cuts in Senate budget would overwhelmingly benefit the big boys
In announcing a draft state budget last week, Ohio Senate President Matt Huffman, R-Lima, said the plan “puts $3.1 billion back in the hands of families and small businesses.” Huffman didn’t mention the state’s big businesses, but that’s who will get the lion’s share of the business cuts in a state where business taxes already […]
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.
Ohio bill slashing “regulatory restrictions” by 30% has watchdog, fire official worried
A bill making its way through the Ohio Senate would require the state to slash almost a third of all state rules based on whether they contain certain words. While supporters say the bill, sponsored by Sens. Rob McColley, R-Napoleon, and Kristina Roegner, R-Hudson, will cut business-suffocating red tape, opponents say it’s an arbitrary, simple-minded […]