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Policy Matters Ohio says the wealthiest in the state will benefit the most.
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According to an analysis from Policy Matters Ohio, the tax cut would mostly benefit the wealthiest people.
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As COVID-19 cases level off, Gov. DeWine may switch approach to lift restrictions; Summit County Public Health is scaling back its mass vaccination clinic at the county fairground due to decreasing demand; Black leaders are expressing outrage over the Columbus police shooting of 16-year old Ma’Khia Bryant; and more stories.
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The 2% tax cut will result in a decrease of $380 in revenue over two years, and questions remain about the school funding formula.
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Rep. Erica Crawley says the tax cut would benefit those with higher incomes rather than help low-income individuals who are struggling during the pandemic.
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Corporations are seeing big savings as the effects of the large federal tax cut take place. Now state energy regulators want to see if Ohio’s major…