Gov. John Kasich wants to cut income taxes for small businesses and individuals and lower the sales tax in Ohio’s 2014-2015 budget.
“Ohio’s taxes are too high,” Kasich said in a video posted to his website. “They hold back job creators and hold back our economy. We need to fix that.”
The Columbus Dispatch reports that while the sales tax would decrease from 5.5 percent to 5 percent under the plan, more services would be subject to the tax. Increasing what can be taxed would allow the government to actually bring in more money over time.
Kasich’s education funding reform plan, which he introduced last week, plays a big part in his budget proposal. Despite proposed tax cuts, the budget would include more spending for schools. There also is a proposed Medicaid expansion that — according to information from the state — would be supported with money from the federal government.
Learn more by watching the governor’s video above or by checking out the state’s website.