Income-tax cut would favor affluent
Posted on 03/19/12Full briefDownload press release
Study: Middle-class Ohioans wouldn’t get enough for a tank of gas
Poor and middle-income Ohioans would get little out of Gov. John Kasich’s proposed income-tax cut, while the highest-income Ohioans would see reductions in the thousands of dollars, according to a report issued today by Policy Matters Ohio. While House Republicans have sidelined the proposal for now, Rep. Ron Amstutz, chair of the Finance and Appropriations Committee, has indicated it will be taken up in the future.
The analysis found that Ohioans in the top 1 percent of the income spectrum earning at least $321,000 a year on average would receive roughly $2,300 a year in reduced taxes. The middle fifth of Ohio residents, making between $32,000 and $49,000 a year, on average would get about $42