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.

NOCHE

Northeast Ohio Medical University

Knight Foundation


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
Ohio


Analysis by Policy Matters says the rich are making out in Ohio's budget
Left-leaning think tank says its a matter of $4 cut compared to $1,800 
Story by LEWIS WALLACE


 
A new Policy Matters Ohio report says the tax cuts overwhelmingly benefited the wealthiest.
Courtesy of Policy Matters Ohio
Download (WKSU Only)
In The Region:

Ohio had an $800 million surplus when its fiscal year closed Monday. And Gov. John Kasich has been touting $400 million in tax cuts in the latest mid-term budget. But as WYSO’s Lewis Wallace reports for Ohio Public Radio, not everyone’s happy with those cuts.

LISTEN: Critics of tax cuts

Other options:
Windows Media / MP3 Download (1:00)


The left-leaning think tank Policy Matters Ohio finds most of the benefits of the latest round of tax cuts will go to wealthy Ohioans. According to estimates based on a model, the poorest 20 percent of Ohioans will see an average tax cut of $4 per year, while the richest residents could see upwards of $1,800 a year.

Zach Schiller directs research at Policy Matters.

“I think that what we’re seeing here is a further shift in an already regressive tax system, where the people who can afford to pay are in fact benefitting the most from tax cuts. The people who are having a harder time getting along are getting very little out of it.”

A report out this week finds that’s largely because of an expansion of an income-tax deduction for business income, much of which goes to investors and part-owners. Of the estimated $400 million dollars of tax savings in this year’s budget, Policy Matters finds 50 percent of that will go to people with incomes in the top 5 percent.

 

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

Summit County takes the Akron arena out of the sales tax equation
David should be commended for his efforts to "wake up" the politicians of Summit County and the City of Akron. However, I still don't trust any of them and I a...

Brunswick will turn tornado sirens back on after bad weather
Put the sirens back after the storms, in the mean time just sit and wait for another tornado . That's Brunswick for you lived here 44 years and it has always be...

Oberlin council may rescind its gun ban, but is considering alternatives to keep it in effect
Seems that the only scared, paranoid people are the anti-gun people, really.

Massive pipeline planned to pump Ohio shale products to Texas
This needs stopped. Ohioans pay the price, putting up with pollution, leaks, explosions, and the top one percent profit from exporting fracked product to China.

National Weather Service confirms three tornado touchdowns yesterday
I was driving back from a party and was caught in the middle of a large thunderstorm. The hail and lightning were a whole light closer than usual, is something ...

Another Indians season opens with Chief Wahoo under scrutiny
The picture you have for Robert rocha is not him. He has long hair. No idea who that guy is in that picture

Portman predicts McDonald's confirmation, but says it won't be easy
I sent the following note to Senator Blumenthal after reading commentary from yesterday's hearing: Senator, You certainly have the right to ask Mr. McDonald que...

Seven minutes changed everything, but what changed Ashford Thompson?
He shot the guy four times in the head. I have never been that drunk or mad, and I have been through it. Shoot a guy once is bad, maybe a mistake, shoot a guy f...

First cricket farm in the U.S. opens in Youngstown
I am interested in cricket flour to replace soy flour in a low carbohydrate diet. As soon as you have cricket flour available for the average person, please le...

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