Policy Matters Ohio put out a report today confirming what nearly everyone in Ohio already knew: John Kasich’s proposed tax reform plan is a total piece of garbage that is bad for most Ohioans.

According to Policy Matters, “Tax cuts would average $11,906 a year for the top 1 percent” of Ohio’s tax payers under Kasich’s proposed tax “reform” plan.  “The bottom 60 percent, on average, would see increases” of up $116 a year.   In total, 80% of Ohioans would see zero change or a tax increase under Kasich’s proposed plan.

This budget, like all of Kasich’s other budgets, appears to have been crafted by a team of Kasich yes-men, hiding away in some windowless room, without the advice, guidance or input of Ohio’s legislators, stakeholders or citizens.

And just like Kasich’s other tax plans, this one seems destined for the trash bin as Ohio’s Republican-lead legislature begins their delicate dance: scrambling to find a replacement plan palatable to their members and the public while smiling and pretending not to hate Kasich for dropping a cart full of crap on their desks without any warning.

We here at Plunderbund wish them all the best of luck!

 

 

 
  • dmoore2222

    And they deserve every piece of it.

  • Red Rover

    Ah, Kasich’s ding-dong-ditch maneuver. Ding-dong! “Who is it? Is it the Ohio miracle? I don’t see anyone there.”

  • sufferingsuccatash

    The Kasich tax increase which you thankfully take the time to reveal is just part of the state tax system that works to shake down Ohioans.

    Ohio, since 1992, has given selected employers a Job Creation Tax Credit (JCTC), and since 2001 a Job Retention Tax Credit (JRTC.) The JRTC applies to 567 companies in Ohio with 10 full time employees. The credits are refundable and can be carried over into the future. In 2009, GE received $115,335,000 in JRTC’s. In 2011, American Greetings got $75m in JRTC’s as part of a $93m package, Marathon got $72,128,036 in JRTC’s, and voting miscalculator extraordinaire Diebold got a $56m package with $30m coming in JRTC’s.

    Ohio is one of 17 states which hands out these types of tax credits to corporations. Understand that giving employers tax credits for employing workers is effectively returning the worker’s state personal income tax to the employer. In other words, the worker is in part paying for his job or in GE’s case, the workers paid for a $90m plant up-grade. It’s all part of the playbook employed by states to attract businesses from each other—-leveraged on the back of the worker.

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