Posted on 03/11/2014 2:11:59 PM PDT by DallasBiff
The net for Ohioans is a $174 million tax cut over the next three years.
Kasich proposes funding an 8.5 percent income tax-cut for all tax brackets — a $2.2 billion reduction over the next three years — by raising the state’s tax on a pack of cigarettes 60 cents, from $1.25 to $1.85, while also taxing other tobacco products, including electronic cigarettes, at an equivalent rate. That would generate about $850 million during the next three years.
Kasich also wants to raise the Commercial Activity Tax on gross receipts for businesses from 0.26 percent to 0.3 percent, a roughly 15-percent increase providing $743 million in three years; and implement a gradual 2.75 percent tax on oil and gas extracted from horizontally drilled and fractured wells, generating $874 million in three years.
(Excerpt) Read more at dispatch.com ...
Hey Kasich, didn't you learn from Poppy Bush, "Read my lips, no new taxes".
Poppy Bush lost his next election after that, by enacting new taxes.
Dick.
He might want to pay attention to his neighbors here to the north.
If you increase the taxes on cigarettes, revenue plummets and smuggling skyrockets.
So stupid. Other states that do this are losing money to the black market.
Kasich show’s his TRUE”RINO-COLORS”!Just can’t get enough TAXES?????????????????????????????????
Kasich, shut it. If you can only be half right, that is a score of 50%. 50% is a failing grade.
It would do the citizens of his state one better were he to call for the slashing of the state sales tax on cigarettes, if they are purchased in bulk.
That is, the more cigarettes you buy retail, the less tax there is on them. So if you buy 10 cartons, for example, you pay 50% less state tax. If you buy 100 cartons, you pay 70% less state tax. A lot more than a typical person would buy.
The idea would be that people would come from out of state to buy a huge amount of cigarettes to take home with them.
While the state would get less money on the top, they would more than make up for it with volume. And the retailers would make a ton of money, for which they would then pay state taxes.
All told, the state would likely make more money, its retailers would make more money, and there would be no significant increase in in-state smokers. What’s not to like?
well...since my wife and I work our a55es off and neither of us smoke, I’m not gonna cry about john Kasich putting more money in my pocket.
Grow your own, roll your own.
The $ is going in HIS pocket.
In any case, such taxes are more in keeping with the design and spirit of the Constitution than income taxes ever were. The man has a state to run. He has to get money from somewhere.
Spoken like a true sheep. Not my problem if someone else takes it in the shorts ... as long as I get a bah-bah-ba- break.
You are the prefect citizen for the new fascist utopia. Kasich is a first class ahole and a gun grabber to boot.
I may be out of step on this but i don’ like “sin” taxes.
Yeah, tax cigarettes and then raise subsidies to tobacco farmers.
I don’t think there are enough smokers anymore to raise substantial amounts of money
Nah, I just truly hate cigarettes. That’s probably because they killed my mother. He could raise the price to $50 a pack and I wouldn’t cry about it. The fact that I’ll pay less taxes just makes it all the sweeter. I’m guessing you’re a cigarette smoker. You should quit if you are.
We’ll worry about that when the time comes. In the meantime, I’m perfectly happy about an income tax cut.
I don’t smoke either but I’m not a liberal piece of trash who looks the other way because it doesn’t impact me....today.
Where’s the logic? Kasich wants to increase the cigarette tax when the big news is the heroin epidemic? The more expensive cigarettes are, the more appealing other, worse vices will be.
Well you liberal hack I do not smoke, but I am not a fascist liberal smoke nazi like you----get a life!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.