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Ohio Senate President Keith Faber
Faber Talks Tax
Reform, Higher Education
COLUMBUS- Senate President Keith Faber (R-Celina) yesterday spoke to
the Celina Rotary Club about the highlights of the recently-passed
state operating budget and the ongoing effort to improve higher
education affordability.
The Rotary Club, of which Faber is a member, met at the Mercer County
Civic Building to hear an update on the initiatives Faber has led to
make Ohio a more attractive place to attend college, start a business
and find a job.
"In the state budget we passed in June, I am proud to report that we
cut state income tax rates by 6.3 percent across the board," said
Faber. "We know that small businesses employ 70 percent of Ohioans, so
we also prioritized significant tax cuts for them as well."
The budget signed by Governor Kasich on June 30 continues a 75 percent
tax cut on small businesses with income up to $250,000 and completely
eliminates taxes on these businesses by FY17.
"We're all aware of the crippling burden that the cost of higher
education imposes on families," continued Faber. "This budget freezes
college tuition and general fees for all two- and four-year schools
directs all public universities to reduce overall student costs by 5
percent."
When asked about Governor Kasich's presidential bid, Faber said,"The
rest of the country is taking notice of the remarkable economic
turnaround that Ohio has experienced in recent years. The Ohio General
Assembly continues to work in tandem with the Governor to enact
policies that boost the economy and provide more opportunities for all
Ohio families to get ahead."
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