Gov. Kasich Readies His State Budget
Todays the day Gov. John Kasich unveils his third budget, which is expected to include $500 million in tax cuts plus benefits to lower-income Ohioans. But he has yet to talk about how hell pay for those. Kasich wants to cut taxes on many small businesses and increase some tax benefits for lower-income Ohioans. And hell likely pay for those plans with a proposal to hike the tax on oil and natural gas drillers. But Kasich also suggested in December that hell take another swing at an increase in the tobacco tax. Why should taxes on tobacco not be higher to pay for reductions in the income tax? Ill tell you why lobbyists thats why," said Kasich. But tax cuts in previous budgets have been scaled back because of the legislatures skittishness in raising other taxes. Republican leaders in the legislature have said they are concerned about tax shifting, and are demanding spending cuts in his budget as well as tax cuts.