skip to main content
skip to newscasts

Friday, March 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

The latest on the Key Bridge collapse, New York puts forth legislation to get clean energy projects on the grid and Wisconsin and other states join a federal summer food program to help feed kids across the country.

view newscast page
play newscast audioPlay

Republicans float conspiracy theories on the collapse of Baltimore's Key Bridge, South Carolina's congressional elections will use a map ruled unconstitutional, and the Senate schedules an impeachment trial for Homeland Secretary Mayorkas.

view newscast page
play newscast audioPlay

Historic wildfires could create housing and health issues for rural Texans, a Kentucky program helps prison parolees start a new life, and descendants of Nicodemus, Kansas celebrate the Black settlers who journeyed across the 1870s plains seeking self-governance.

Study: “Dramatic” Tax Code Changes Failing Ohio

play audio
Play

Monday, January 26, 2009   

Columbus, OH - They're changes that were 'taxing,' but not in the way you might think. A new report from Policy Matters Ohio finds that despite dramatic changes to the state tax code in 2005, intended to boost the economy, Ohio is starving for revenue. Because of the tax cuts made back then by House Bill 66, study author Jon Honeck says, the state is losing more than two billion tax dollars a year.

"It's appropriate for local governments to look for efficiencies, but at a certain point when you have more and more people coming in for assistance, you've got to be able to meet that need."

Before the recession, Ohio was already falling behind the rest of the country in employment, income and productivity, and Honeck says it's only getting worse.

"We're advising policymakers to take another look at the income tax, and maybe to roll back a couple of years of the cuts that were made, so as to raise some revenue to get us through this difficult patch."

While Ohio is expected to receive some money as part of a federal aid package, Honeck believes state lawmakers need to look at the bigger picture.

"The state has had a long-standing problem on the revenue side, and that needs to be fixed over the long term, regardless of some federal aid that might help us for maybe one year or two years."

The report recommends that lawmakers enact a state earned income tax credit, strengthen business taxes and eliminate unnecessary tax breaks to gain economic ground.

Those against rescinding the tax reform measures say that, had the changes not been in place, Ohio's economy would be suffering even more than it is now.

The report is at www.policymattersohio.org.



get more stories like this via email

more stories
The U.S. Supreme Court heard arguments this week about the popular abortion pill Mifepristone and will weigh in on whether the U.S. Food and Drug Administration was correct in how it can be dosed and prescribed. (Ascannio/Adobe Stock)

Health and Wellness

play sound

Missouri residents are worried about future access to birth control. The latest survey from The Right Time, an initiative based in Missouri…


Social Issues

play sound

Wisconsin children from low-income families are now on track to get nutritious foods over the summer. Federal officials have approved the Badger …

Social Issues

play sound

Almost 2,900 people are unsheltered on any given night in the Beehive State. Gov. Spencer Cox is celebrating signing nine bills he says are geared …


The U.S. teaching workforce remains primarily white while the percentage of Black teachers has declined. However, the percentage of Asian and Latinx teachers is rising.(WavebreakMediaMicro/Adobestock)

Social Issues

play sound

Education advocates are calling on lawmakers to increase funding for programs to combat the teacher shortage. Around 37% of schools nationwide …

Environment

play sound

New York's Legislature is considering a bill to get clean-energy projects connected to the grid faster. It's called the RAPID Act, for "Renewable …

Social Issues

play sound

Michigan recently implemented a significant juvenile justice reform package following recommendations from a task force made up of prosecutors…

Health and Wellness

play sound

Medicare and Medicaid are key sources of health coverage for many Americans and some people qualify for assistance under both programs. With lagging …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021