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Government and Politics

Ohio Senate president pushes tax changes beyond this budget
Faber says he hopes to raise gas, oil serverence tax, a proposal that has languished for two years

Jo Ingles
Keith Faber says he hopes to raise gas, oil serverence tax, a proposal that has languished for two years
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The Ohio Senate’s proposed state budget does not include a hike in the severance tax on gas and oil drilling, as Gov. Kasich wants.
But Republican Senate President Keith Faber says, just because that tax is off the table right now, does not mean lawmakers won’t consider making changes in the future.


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“We would like to see additional tax reform," Faber says. "At this point, I think we need to take a look at what we are doing to see if it meets the needs of the state. And there are certainly tax exemptions and adjustments in other places that may not be the most effective use of those resources. So we are taking a look at those as well.”

The Senate’s version of the budget includes a 50-percent tax cut for small businesses. The House version includes a 7-percent income tax cut for all Ohio taxpayers. But neither includes a hike in the severance tax. Gov. Kasich wants to add taxes to some services, but give all Ohioans a 15-percent income tax cut.

The Ohio Senate is expected to pass its version of the budget next week. After that, leaders will have to get together to hammer out a compromise plan.

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