More Than $2.7 Billion in Tax Relief
When Governor Kasich proposed tax reform as part of the Ohio’s biennial budget in February, Ohioans were cautiously optimistic. The Governor’s proposals were bold and with the help of the state legislature tax reform has been achieved.
The tax reform we are discussing today is much different than originally proposed by Governor Kasich, but the same principle is intact. Ohioans need a break on their income tax. In Ohio, we are taxed on the things we buy, the things we own, and the income we bring home. Our tax system is not competitive; many economists agree reducing the personal income tax will aide in Ohio’s economic recovery. Please let Representative Buchy know what you think by completing the taxpayer’s survey.
The final plan is the result of compromise between state leaders. The House of Representatives passed the budget with an across-the-board personal income tax break, while the Senate favored a tax break that spurs economic growth by focusing relief on small business owners. After many hours of deliberations each side joined together for tax reform that increases transparency and adjusts Ohio’s total taxing system in a way that favors economic growth. The best part of the plan is that Ohioans will experience a $2.7 Billion tax relief on their next tax bill. You can share the taxpayer’s survey by directing friends and family to tinyurl.com/taxpayerssurvey
Below are detailed bullet points on each part of this package:
When Governor Kasich proposed tax reform as part of the Ohio’s biennial budget in February, Ohioans were cautiously optimistic. The Governor’s proposals were bold and with the help of the state legislature tax reform has been achieved.
The tax reform we are discussing today is much different than originally proposed by Governor Kasich, but the same principle is intact. Ohioans need a break on their income tax. In Ohio, we are taxed on the things we buy, the things we own, and the income we bring home. Our tax system is not competitive; many economists agree reducing the personal income tax will aide in Ohio’s economic recovery. Please let Representative Buchy know what you think by completing the taxpayer’s survey.
The final plan is the result of compromise between state leaders. The House of Representatives passed the budget with an across-the-board personal income tax break, while the Senate favored a tax break that spurs economic growth by focusing relief on small business owners. After many hours of deliberations each side joined together for tax reform that increases transparency and adjusts Ohio’s total taxing system in a way that favors economic growth. The best part of the plan is that Ohioans will experience a $2.7 Billion tax relief on their next tax bill. You can share the taxpayer’s survey by directing friends and family to tinyurl.com/taxpayerssurvey
Below are detailed bullet points on each part of this package: