I haven't had a chance to get into this but last week Ted Strickland is requesting "postponing the final year of a state income-tax cut as a way to fill a looming budget hole".
For the record, to say that you are postponing a tax cut is totally dishonest and a flat out lie.
Let me remind everyone out there that this "tax cut" was part of a restructuring of Ohio's tax code to shift the tax burden over to business via a CAT tax. As a result of the CAT implementation, Ohioan's are already paying higher taxes through increase prices passed on by businesses.
The reduction in the state income tax was a way to make the changes "revenue neutral" to Ohio residents.
As a result, the elimination of income tax cuts is a tax increase to Ohioans.
Who could have predicted this debacle when Bob Taft and his band of merry RINO's put this into play?
Anyone with an ounce of brains.
No comments:
Post a Comment