In this short clip from a recent interview, Gov. Kasich discusses how the tax cuts in his Jobs Budget proposal will help Ohioans create jobs and strengthen our recovery:
You can watch the original video here.
WMFD: Lt. Gov. Meets with Mansfield Biz Owners – Talks Tax Cuts & Job Creation
March 26, 2013 by Leave a Comment
Lt. Governor Mary Taylor was recently in Mansfield to meet with local business owners and discuss the Jobs Budget. With $1.4 billion in proposed tax cuts and a 50% tax cut for small businesses, the Jobs Budget will help with job creation. WMFD has more below:
You can watch the original video here.
Editorial: Gov. Kasich’s Proposed Severance Tax Reform Makes Sense – Will Benefit Ohioans
March 7, 2013 by 2 Comments
In this editorial, the Findlay Courier explains why Governor Kasich’s proposed reform of Ohio’s severance tax makes sense:
A lengthy debate over Gov. John Kasich’s proposed budget is under way in the Legislature.
It will involve the expansion of Medicaid, the governor’s school funding formula, and his tax package. Changes in the rates of severance, income and sales taxes are all part of Kasich’s far-reaching plan to keep the budget balanced.
Of the tax recommendations, a moderate increase in the severance tax, incurred when non-renewable natural resources like natural gas or oil are extracted (or severed), seems reasonable. It would allow the state to benefit from the rich shale fields of eastern Ohio.
The state’s severance taxes are among the lowest of all energy states.
Regardless of the price for a barrel of oil, the driller pays a dime per barrel for the severance tax and another dime in a conservation fee. Whether oil is selling for $35 or $150 per barrel, Ohio gets just 20 cents. The severance tax on natural gas is also low, at 3 cents (including a half-cent conservation fee) per thousand cubic feet (mcf). Whether natural gas is selling for $10 or $2.28 per mcf, Ohio gets just 3 cents.
Even under Kasich’s proposal, Ohio’s oil and gas taxes would remain among the lowest in the nation: 4 percent for oil and natural gas liquids, and 1 percent for gas.
And
To make it palatable to “no-new-tax” Republicans, he has coupled the severance increase with a 20 percent reduction of the income tax rate. While top-wage earners would see the greatest benefit, reducing the state’s income tax burden would go a long way toward creating a more jobs-friendly climate and speed economic recovery.
And
Meanwhile, gas and oil lobbyists are lining up in opposition to any increase. They claim it will discourage gas and oil exploration here, and cause Ohio to lose out on the benefits that would come from many jobs and related businesses created by increased drilling.
Those claims seem unfounded, however, considering the strong interest in Ohio’s shale.
Certainly, lawmakers will have to weigh the advantages and disadvantages of cutting income taxes and imposing state sales tax on more services, and there will likely have to be a considerable give and take before Kasich’s proposals are accepted. But increasing the severance tax to a level that adequately compensates Ohio for its natural resources, while still allowing it to remain competitive with other fracking states, is the right thing to do.
You can read the entire editorial here.
WFMJ: Lt. Gov. Mary Taylor Visits Youngstown – Promotes Tax Cuts for Ohioans & Small Biz
February 26, 2013 by 6 Comments
Lt. Governor Mary Taylor was in Youngstown recently to discuss the $1.4 billion in tax cuts for Ohioans and small businesses proposed in the Jobs Budget 2.0. WFMJ has more below:
You can watch the original clip here.
Dispatch: Gov. Kasich Visits Toledo to Urge Support for the Proposed Jobs Budget
February 22, 2013 by Leave a Comment
Governor Kasich was recently in Toledo to attend the Lincoln Day Dinner and talk with Ohioans about his proposed Jobs Budget. The Dispatch has more below:
TOLEDO — It was a political event, but Gov. John Kasich was of no mind to talk politics.
Instead, he focused on policy last night in a 34-minute speech to about 500 people at the Lucas County Republican Party’s Lincoln Day Dinner, the first of six such county GOP dinners on his schedule through spring.
The governor offered a shortened redux of the State of the State speech he delivered in Lima on Tuesday night, urging the Toledo faithful to get behind his proposed $63.3 billion two-year budget, while unabashedly touting his administration’s achievements.
Kasich’s litany of successes included 122,000 jobs created and an $8 billion deficit turned into a $1 billion surplus without raising taxes.
“We now in Ohio have momentum,” said Kasich, who said his budget was crafted out of a “moral obligation” to create jobs.
The blueprint, however, has received a lukewarm reception from the legislature’s Republican majorities; members question his call to expand Medicaid to 275,000 more low-income Ohioans.
As he did in Lima, Kasich passionately appealed for support of the Medicaid expansion, saying that “the Good Book says you don’t ignore the least among you.”
Noting that the expansion would save Ohioans $400 million over two years and bring in billions in federal money to insure the working poor, Kasich said: “Abraham Lincoln did what’s right to lift human beings, and our conservative Republican Party must do the same.”
Toledo Mayor Michael Bell, a Democrat-turned-independent who attended the dinner, called the Medicaid expansion “extremely important … because most of those people who do not have any type of insurance end up in emergency rooms, and that type of treatment is much more expensive.”
You can read the entire article here.
