tax cuts

Congressman Tim Ryan

U.S Rep. Tim Ryan is calling for congressional hearings to review General Motors decision to shutter five North American plants.

Ryan is urging the House Ways and Means Committee to investigate how GM is using millions of dollars in tax cuts.

He says Congress approved the cuts with the promise they would benefit American workers.

The Kasich administration has said a small business tax cut passed in 2013 to spark job creation is not the cause of the state’s budget shortfall, which is approaching a billion dollars. But Democrats are saying it’s not doing what it was intended to do. 

The tax cut is targeted toward small businesses that report revenue as personal income, and the Ohio Department of Taxation says it cost the state around $1.1 billion last year. But critics such as Democratic Sen. Michael Skindell say it hasn’t created jobs – just a huge tax loophole.