Currently viewing the tag: "Tax Cuts"

National: An End To Food Stamps?

Fox News is currently asking whether the federal food program for people in poverty should be eliminated because of recent data about program fraud. Creating the impression that there is widespread fraud in a federal program is the first step in a messaging war that will be waged as the right-wing prepares to introduce a budget that cuts spending on vital programs in order to pay for a diverse array of tax cuts for the billionaire class that helps keep them in office.

The Washington Post rightly notes that this $70 million in misspending represents just 0.09 […]

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(Crossposted from Ohio Budget Watch)

Readers of the Dispatch learned this morning that Governor Kasich, as part of his plan to revisit the budget, may seek to increase taxes on oil & gas drillers (aka “frackers”) and use the revenue to cut the state’s income tax.

We wanted to know how much you could reasonably expect to lower income taxes solely by increasing taxes on oil & gas. Unfortunately, the Dispatch must have let the guys with the calculators go home early. So we did the math, and here’s how the numbers work out:

According to a report by Innovation Ohio , […]

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Speaker Bill Batchelder got his letter writing campaign on over the weekend by getting a letter to the editor published in the Wall Street Journal regarding the repeal of the estate tax in Ohio. (I like to think he either hand wrote a letter and mailed it to the Wall Street Journal or sent a telegram. For some reason every time I think of him I just get a picture of Mr. Burns in my head.) Considering that the estate tax is one of the Journal’s favorite topics of conversation this whole letter must have been like cat-nip for […]

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We knew that this State budget was going to be such a big story that we jumped at the opportunity to form our sibling site, Ohio Budget Watch, which is likely to go on a hiatus until the next budget cycle.   Kasich’s budget didn’t disappoint.  There were so many crazy proposals and changes, it’s hard to keep up with them all. 

Obviously, if you’re interested in doing your own comparison, the most comprehensive document is the Legislative Service Commission’s “Comparison Document” that breaks it down by agency what the differences has been between the Governor’s initial proposal, the House […]

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The Columbus Dispatch is reporting that Governor Kasich, reaching back to his Lehman Brothers’ roots, wants to give banks a tax break to encourage lending:

Kasich, a former executive at Lehman Brothers, suggested yesterday that altering the tax could reduce costs for banks and generate more loans.

We need to cut taxes so we can encourage banks to make loans is like saying we need to cut taxes to encourage me to draft contracts or file lawsuits.  I don’t need a tax cut to do my business model, neither do banks.

Despite what you may believe as a […]

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Prepared to go inside the mind of a Republican when the world of taxes meets the world of privatization in which you need to be a quantum political physicist to comprehend what is occurring.

Today, the Cleveland Plain Dealer’s “PolitiFact” examined Rep. Matt Lundy’s (D-Elyria) claim that the budget the House passed included tax breaks to “sweeten” the deal for the private companies the State is trying to sell six correctional facilities.  They found the claim to be True, because, it is.

But first, we need to apparently correct something on the issue.  Last week, the Dayton Daily […]

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After allowing every House Republican to go on record supporting an education policy that House Democratic ads next fall will say would have turned Ohio’s education system into “a national laughingstock,” Governor Kasich’s lead education policy czar announces that the Administration does not support the changes and wishes to see them removed from the budget.   The Columbus Dispatch reporting this morning that the Senate seems poised to follow the Governor’s request. 

The Dispatch also reporting this morning that Governor Kasich has set conditions in which he push next year for tax cuts… the Senate must “hold the […]

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The Ohio Health Care Association, a predominately nursing home industry interest group, is presently running this television ad about Kasich’s Medicaid budget. An ad that begins with an image of John Kasich, a bunch of hospitalized elderly patients, and ends with a flatline as someone, literally, pulls the plug.

And Governor Kasich is pissed about it, and decrying the influence of campaign dollars in Medicaid policy. Wonder if he has the same take on charter schools? Nah.

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The Canton Repository reports that Diebold’s CEO told Governor Strickland that his company had “a strong preference” to stay in Ohio. Is the ghost of NCR so terrifying to Kasich that he’s willing to give away the farm to even companies who are unlikely to leave Ohio? So glad we’re building a $100 milion global corporate HQ to keep a company here who already wanted to stay here. Sigh.

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Just received this e-mailed statement from Sherrod’s campaign committee (generally sent out, not in response to our previous post):

We fought back against extending the Bush tax cuts for the super-wealthy because we knew it was wrong to exacerbate our deficit crisis on behalf of millionaires and billionaires when working Ohioans were struggling.

We fought back against President Obama’s agreement to include those tax breaks in his compromise plan because we know it was wrong to hold help for the middle class and small businesses hostage to such a wasteful giveaway.

We fought hard, and I’m proud of our stand. […]

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After mulling over this morning’s post about how Kasich ally, Speaker-elect Bill Batchelder declared that it was “inevitable” that the Republicans would cut Medicaid eligibility to, in most cases, half their present levels, I do what I used to do all the time when I worked in the Statehouse:  I started counting the votes.

When Ted Strickland won in 2006 with over 60% of the vote, there was relatively little change in the State House which continued to be controlled by then Speaker Jon Husted.  Despite having both chamber controlled by the opposition party, Strickland’s mandate was so […]

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