Monday, August 19, 2013

Whats going on in Columbus?

The next time you see Representative Cliff Rosenberger or Senator Bob Peterson ask them what's going on up at the state capitol.
The single party state government, feeling its oats, has turned a routine biannual budget into a political statement. How will this effect the rank and file residents?

a. A percentage based income tax reduction that will save a household earning $51,000 per year an estimated nine dollars. The top one percent of earners will see a savings of around $6,000. (Calculations from “Policy Matters Ohio”)
b. A regressive sales tax increase will adversely affect the lower income population.
c. DE-facto tax increase, wherein the state will no longer reimburse county treasurers for the 12.5% roll back on property taxes on any new local tax levies. An owner occupied residence valued at $125,000 will pay the additional $26 per year that the state now pays for a new 5 mill school or city tax levy.
d. Home owners with earnings over $30,000 and turning 65 this year will no longer receive the $300 reduction on their annual property tax bill. The state will be saving that amount.
e. Among other small business, single person lawyer or hedge fund manager offices will receive a 50% cut in taxes.

Granting a state government department, “Jobs Ohio” the right to make decisions on spending taxpayer's money behind closed doors and without state auditor accountability.

Cities are now allowed to discuss corporate financial incentives, (tax payer money)
in secret meetings.





No comments:

Post a Comment