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.

Akron Children's Hospital

Greater Akron Chamber


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

Three exonerated of murder convictions from 18 years ago
Thanks heavens that none of them have been condemned to death. This alons should convince the USA to join the civilized world by abolishing the death penalty. E...

Kombucha: a sweet business brewed with fermented tea
Stevia is not an artificial sweetener. It is a plant. I have one growing in my sunroom. The leaves are dried and added to teas. It's harvested commercially and...

Bringing back ballet in Cleveland
I do think Ballet in Cleveland is doing good things, but the fact that director says "When we have flourishing companies like the New York City Ballet and the A...

Report confirms some Vietnam veterans may have been exposed to Agent Orange
was in nam 1969 exposed va stated lost medical records was in lawsuit from 197? till settled 0 $ 2010 ? said all nam vets will get back disability till 198? jus...

Mentorship grant program redefines "faith-based" provision
Can't anyone have values, beliefs, and morals anymore? How is it anymore unconstitutional for a school partner with a "faith-based" organization than any other ...

Exploradio: The challenge of finding a healthy balance with technology
Thank you, Jeff, for another well done Exploradio. I always learn something interesting about what is happening in NE Ohio.

Northeast Ohio's transgender community rallies around restroom issue
A good first step would be for Cleveland to require restaurants to have a public restroom. Cleveland is the only city I've ever been in where restaurants somet...

Vapor shops say tobacco tax hikes could hit them hard
Maybe you should be DOING a study, since every time you've tried to villianize them all that's happened was the opposite. I'm not a fan of alcohol that's flavor...

New law gives access to birth records to Ohio adoptees
Can siblings also look for their missing brother or sister? And how do we go about it?

Ida McKinley's tiara comes home, with the help of "Pawn Stars"
I donated to the fund to keep the tiara at the museum where I believe it belongs. I took my 16 year old granddaughter to the showing I dont think it will be som...

Copyright © 2015 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