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.
Paul
Hunter paulhunter45177@gmail.com
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