Gov. Kasich's Budget Plan Outlines Latest Tax Reform
Gov. John Kasich unveils his second budget this afternoon. The school funding formula that the governor revealed last week, with $7.4 billion in K-12 spending in the first year and $7.7 billion in the second, is one big part of the budget. Another is what budget director Tim Keen calls significant tax reform specifically aimed at the income tax. âThe governor has said that the severance tax will be part of our broader tax reform proposal that we are putting forward.â? Says Keen âBut there is more to it than just the severance tax?â? Keen: âIt is a much broader tax reform proposal than just the severance tax.â? Itâs also expected the governor will expand Medicaid to cover people up to 138% of the federal poverty level, an idea with broad support but big concern among some conservatives.