Currently viewing the tag: "Taxes"

Conservatives like John Kasich tend to believe that Ohio’s economy would be doing just fine if we didn’t have a progressive income tax, didn’t have organized labor, and had more venture capitalists operating in Ohio.

Now that we’re roughly a year and half after the recession officially ended, we take a look at how those States who already have these things are doing compared Ohio’s unemployment rate. Take a look.

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Two years ago, the Tea Party was being trumpeted as foreshadowing for the Democrats in electoral doom in 2010 as they held a 7,000 person rally in Columbus. At the same time, Cincinnati Tea Party activists held a rally with an estimated 4,000 in attendance.

Two years later, there was NO planned Tax Day events in Columbus for the Tea Party. Cincinnati had a “packed” rally that probably didn’t even break 100. Meanwhile, the protest for SB 5 have exceeded the size of any Tea Party rallies so far.

The most recent SB 5 rally in Columbus had 11,000 in comparison. What does that portend for the GOP in Ohio in ’12, then?

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For the time being, the answer appears to be yes. 

In 2008, John Kasich formed a PAC called Recharge Ohio that had three central policy platforms: 1) repeal Ohio’s income tax; 2) repeal Ohio’s estate tax (which Kasich called the “death tax.”); and 3) massive increases to charter schools.  Kasich called the repeals of the income and estate tax necessary if Ohio was to ever climb out of its death spiral.

He went to Republican event after event, appeared on conservative talk radio all the way through election day, talking about how he was going to repeal these taxes.  […]

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Fox News 19 in Cincinnati had the story tonight of the Princeton School District’s reaction to Kasich’s budget:

The Governor’s budget cuts tangible personal property (TPP) tax the district receives starting this year.  The tangible personal property tax is monies they receive from local businesses which accounts for 70% of the district’s funding.  The new budget phases out TPP tax starting this year meaning Princeton has to cut another ten million dollars from it’s budget over the next two years.

"We have to look at transportation, schools, how we operate, further staffing.  We have to look even deeper […]

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Remember last week when we told you about House Bill 17, a Republican proposal to provide tax credits for businesses that hire the unemployed? The lawmaker-controlled Legislative Services Commission estimated that the credit, once fully implemented, could add nearly $1.4 billion to the state’s budget problems. And it’s bad tax policy. Giving a business $2400 to hire someone, limiting them to a pool of people who have been unemployed for at least 60 days, and requiring them to remain on the payroll for two years before a credit can be claimed is a lot of hoops to […]

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The Ohio Chamber of Commerce, the Greater Akron Chamber, Canton Regional Chamber, Cincinnati USA Regional Chamber, Columbus Chamber, Greater Cleveland Partnership, Regional Chamber Youngstown & Warren, the Toledo Chamber of Commerce, and the Dayton Chamber of Commerce today unveiled their “Redesigning Ohio” plan.  A full copy of which is attached to the bottom of  this post.

But in the end, the biggest takeaway is this: not even the Ohio Chamber of Commerce can create a report that plays to Kasich’s fiction that Ohio’s projected budget deficit can be cured by cuts in spending alone.

The report, billed as […]

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The Cleveland Plain Dealer is reporting that U.S. Senator Sherrod Brown (D-OH) has announced that he will vote to approve the tax cut/unemployment compensation Obama/McConnell compromise.  Brown had recently crowed about voting against cloture for the Senate to consider the compromise, saying he wanted to amend the compromise:

He wanted tax credits for clean energy manufacturing, and he wanted to extend enhanced health coverage tax credits for people who lost their jobs or large portions of their retiree benefits.

Sherrod’s amendments will not be considered by the Senate.  He’s going to vote for it anyways.

Seriously, I don’t […]

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Back when he was running a shadow campaign for Governor starting in 2007 with his “Recharge Ohio” PAC, Governor-elect Kasich talked about two things: 1) Repealing Ohio’s income tax; 2) Repealing Ohio’s estate tax.  Here’s what Kasich said in March 2009 on the estate tax (before officially running for Governor):

Here’s what Governor-elect Kasich said about the estate tax during the general election: [cue crickets]

And here’s why.  A conservative group tried to get a state estate tax repeal as an initiative this year to help turnout the vote for Kasich.  They couldn’t even get enough signatures to get an […]

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The Columbus Dispatch covers Kasich’s press conference yesterday by highlighting that it was nothing more than Kasich attacking how Strickland has handled the budget—with Kasich adamantly refusing to present any alternative.  This is what Republicans call “leadership.”

Kasich, only when asked, says that he has not backed down from his pledge to repeal the income tax.  He, again, stated that he has no intention of showing a plan on how he’d pay for it—at all—before the election.  Nor could he really define what timetable he’d set to pay for it.

Instead, Kasich actually resorted to “trickle down” theory.  […]

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Last month, John Kasich admitted that he believes his “No New Tax” pledge he signed with the Americans for Tax Reform does not include eliminating tax expenditures (targeted tax breaks) despite the ATR’s public statement that it does.

Today, during his campaign press conference, Kasich was asked after countless other Republicans campaigned on such pledges only to break it, why should voters trust him.  He gave a two minute angry answer about how he was different from every one of those Republicans.  Kasich angrily rejected the notion that he was like those other pledge breakers.

And then he […]

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But then again, President Bush at least waited until AFTER the election before he admitted he’d break his no new taxes pledge.  Kasich did it Saturday some 17 days before Early Voting.

Notice what else is missing from Kasich in Saturday’s Dispatch?  Not only does he admit that he’s willing to consider abolishing tax expenditures (targeted tax cuts) to balance the budget, but there’s no mention by Kasich of his proposal to repeal Ohio’s income and estate taxes.  Only Governor Strickland brought it up.

The realities of, you know, having to govern are finally starting to sink […]

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