Pittsburg
Examiner
Taxes—relief
or burden—fuel Kasich, FitzGerald face off
August
31, 2013
For
Ohio shoppers who want to save on spending, the slogan for this Labor
Day weekend is 'Buy Before Sunday,' the day anything subject to the
sales tax will cost more.
Thanks
can be directed at the tax package Ohio Gov. John R. Kasich and a
Republican-led legislature designed that included a sales tax
increase. The sales tax increase amounts to .25 percent from 5.5 to
5.75 percent overall, which equates to 25 cents for every $100
purchase.
Based
on the decades old Ronald Reagan-Jack Kemp belief that lowering
income tax rates for individuals and small businesses alike will
create jobs and grow prosperity, the main revenue source chosen to
subsidize across the board tax cuts, which has been shown to only
really benefit the wealthiest, was an increase in the sales tax and
an expansion of it to sectors of the economy previously exempted from
it.
Now
that Ohio's new two-year $62 billion budget, the largest in state
history, has been law for nearly three months, Gov. Kasich and state
Republican leaders are out pushing it hard on Labor Day weekend,
before it starts.
Ohio
Republican Party Chairman [ORP] Matt Borges praised the $2.7 billion
tax relief plan, put into place by Governor Kasich and legislative
Republican leaders, which takes effect this Labor Day weekend.
"Thanks
to the efforts of Governor John Kasich and legislative leaders like
Senate President Keith Faber and House Speaker Bill Batchelder,
Ohio's workers are getting a pay raise for Labor Day," Borges
said Friday in remarks prepared for media.
In
his executive budget, Kasich had proposed larger tax cuts, but he
couldn't control a GOP legislature that went rogue on him when
removed or altered portions of his budget in response to concerns
voiced by Tea Party activists that lawmakers should not expand
Medicaid coverage as the Affordable Health Care law [Obamacare]
allows. But as part of the tax plan that did pass, Buckeye workers
will see income tax rates cut by almost 9 percent this year, and
small businesses can expect a 50 percent cut in tax rates on their
first $250,000 dollars of income.
Under
Republican and Gov. Kasich's leadership, the ORP said more than
170,000 new jobs have been created, hourly wages are rising and its
exports are up 17 percent.
But
so are Democrats, including Kasich's all-but nominated Democratic
opponent next year Ed FitzGerald, who the nationally respected Public
Policy Polling has beating Kasich by three percentage points in it's
latest state poll. FitzGerald, who trails Kasich in campaign cash and
recognition but who appears more in tune with issues relating to
demographic and culturally changes, has his own views of Kasich's
cuts...
Read
the rest of the article at the Pittsburg Examiner
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