Ohio’s Proposed Income Tax Cut for the Rich Would Impose a $929 Million Property Tax Increase on Ohio’s Homeowners and Farmers

janresseger

The Ohio House Ways and Means Committee is considering Ohio House Bill 1, a convoluted and labyrinthine proposal to cut state taxes by substituting a flat tax for the state’s current graduated income tax.

Why?  To provide a tax cut for Ohio’s wealthiest citizens.  The Plain Dealer‘s Lucas Duprile quotes the bill’s sponsor, Rep. Adam Matthews: “Bill proponents pitch the bill as a way to lower taxes, simplify the system and increase consumer spending by putting money back in taxpayers’ pockets, Matthews said. The disproportionate benefit to wealthy families is part of a strategy to encourage upper middle class and wealthy families to live, work and pay taxes in Ohio, Matthews said. ‘Higher income families are increasingly mobile… We want those with the ability to pick up and move to stay in Ohio.'”

How Would Ohio House Bill 1  Work?

Ohio’s school finance guru, Howard Fleeter has continued to…

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