News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Lehmans

The Holden Arboretum


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Ohio income tax down, sales tax up
Gov. John Kasich says Ohioans may see paycheck increases as early as next week
by WKSU's ANDY CHOW


Reporter
Andy Chow
 
Gov. John Kasich discussed the new tax changes on Friday with business leaders in central Ohio.
Download (WKSU Only)
In The Region:

The state and business leaders are preparing for a big change to Ohio’s taxes. The first part of the governor’s plan to cut the income tax and raise the sales tax will begin this Sunday. But as Statehouse Correspondent Andy Chow reports some are not happy with the changes.

LISTEN: Andy Chow on Ohio's tax changes

Other options:
Windows Media / MP3 Download (2:29)


Ohioans could start to see increases in their paychecks as early as next week. That’s according to Governor John Kasich who joined business leaders in central Ohio Friday to discuss the new tax changes.

Kasich says he’s trying to spread the word about the new tax tables so employees can see the changes right away.

“The employers—particularly the smaller employees across Ohio—do not know in most cases that they can adjust their withholding tables and every one of their employees will get a tax cut right away. And then that tax cut will be retroactive to the beginning of the year.”

The Kasich administration says the paychecks should reflect a 9% reduction from withholding of the state income tax… a plan that was passed by the Ohio General Assembly in the budget deal this June. The new withholding tables combine the 8.5% reduction for this year with the 0.5% reduction in line for 2014.

Also going into effect at the beginning of September is the quarter of a percent increase to the sales tax. Ohio Tax Commissioner Joe Testa says this will only impact the taxable goods that we purchase.

“So you go buy a pair of jeans—you go buy something at the hardware store or whatever you’re going to pay a few cents more in sales tax—significantly offset by the reduction of personal income taxes.”

Good for wealthy, but what about the rest?
Democratic Cuyahoga County Executive Ed FitzGerald, who’s running for governor, says the income tax cut, mixed with the sales tax increase means different things for different groups of Ohioans.
“So if you balance everything out—this is a good deal if you’re one of the wealthiest people in the state—if you’re middle class family not so much—if you’re a working person, not at all. You have to figure out who’s really benefiting and the fact is when you actually crunch the numbers and you get behind the rhetoric of what the governor’s talking about everybody’s sales taxes are going up.”

FitzGerald adds that Ohio lawmakers were able to reach this tax change by cutting funds to local governments.

As for Governor Kasich, he says his desire to cut the income tax is based on a fundamental theory for economic growth.

“I believe that the less you tax works—the less you tax investment—the less you tax risk taking—the more you will get of all those very desirable things.”

Listener Comments:

This is gona hurt all seniors. We will be paying more taxes.Is this what he wants?


Posted by: john kennedy (44444) on September 1, 2013 7:09AM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Columbus groups are trying to pass a Bill of Rights to combat fracking
Its about time we make a stand against the criminal actions of an entire Indsutry.

Crystal Ball says Ohio governor's race is done
How much is the Kasich campaign paying you to keep repeating the phrase "woman who is not his wife"? Fitzgerald was in the car with a friend who happens to be f...

Plane that crashed killing Case students is a popular training aircraft
The following is incorrect. The last few words should read "UNDER maximum gross take-off weight." “They have a normal take-off speed and all those take-off...

Exploradio: The never-ending war against superbugs
Super Federico ,we are so proud of you ,and very lucky to be among your friends . Keep it up human kind needs people like you to survive .Thanks for being so d...

Ohio's Lyme disease-carrying tick population is exploding
Interesting report. The last sentence needs some editing. It isn't a good idea to "save garments carrying ticks for analysis." The garments carrying t...

Teach for America enters third year in Ohio
For more background on TFA, check out http://reconsideringtfa.wordpress.com/

Faith leaders hold week-long prayer vigil at Ohio Statehouse
I think this is the wrong link to the audio. Its Andy Chow about cigarette taxes.

A $30 million plan to turn Cleveland's Public Square from gray to green
The current plan is for the Land Bank, RTA, and Mr. Jeremy Paris to run a bus line through the new Public Square and cutting the park in half. Save Public Squar...

Medina County residents question safety of proposed natural gas pipeline
I'm very concerned about this nexus project. I've received mail requesting my permission to allow the company to survey my property. I don't understand how thi...

A small group of tea party and Democrats protest at Kasich campaign stop
Enjoyed your excellent coverage of the statehouse for sometime now, never dreamed I'd be on. The feedback from people has been great. Thank you. Doris Adams

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University