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 states 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 ...
Kasich is trying to eliminate the income tax in Ohio. I’m sure that will mean cutting spending at some point but it’s unrelaistic to think that he can completly pay for this massive tax cut with massive and immediate spending cuts. I think, when it’s all said and done, everyone is going to share in the pain of getting this done to varying degrees but it has to get done because the Ohio income tax is poisoning the Ohio economy.
Linked article says it’s a $2.6 billion income tax cut, not $2.2 billion, thus yielding the net $174 million tax cut for Ohioans.
He should run as a Democrat for governor in Maryland.
Nanny State PING!
Wow, the addicts ping list is now going to to umbrage at an income tax cut.
Thanks for the ping!
Poor deranged Drango is so wrapped up in his own personal phobias and other foibles (not to mention mental health issues) that he is incapable of grasping the concept being against the nanny state is not something to be ashamed of (his intended derogatory addicts reference) but rather to be proud of. His problem is that he fails to understand that embracing the nanny state is not a conservative trait.
As predicted.
You have no idea or clue how hypocritical you sound. Have you ever heard of throwing the baby out with the bath water?
BTW if you were truly against smoking, you would call for a total ban against cigarettes, but you would never do that.
You need that tax revenue from those filthy smokers.
Typical hypocrite, just like Nancy Pelosi.
If you hate that filthy product tobacco and their filthy addicts, why don't call for a ban on tobacco?
Oh wait a minute you depend on those filthy people for your nanny state.
Never mind, you Nancy Pelosi hypocrite.
I've had 4 relatives die to lung cancer and they smoked. Each of them would've told you, because they told me many times in their final months of life, Cigarettes didn't kill them. They killed themselves by repeatedly doing something they knew was bad for their health.
There's no doubt that cigarettes should be banned as they are a drug which causes society countless millions of dollars every year but I recognize that an outright ban would not work. As such, I am in favor of taxing the shiite out of them so as to encourage moderation at the very least and educating youngsters on the reality of nicotine addiction.
You need that tax revenue from those filthy smokers.
the money saved by ending tobacco abuse would be offset by the healthcare savings and I would rather lose the tax revenues than keep the habit around. We know that prohibition won't work however so it is what is regardless of what any of us may think. Have you ever heard of throwing the baby out with the bath water? It's an old english saying. baths were pretty rare back then and the family's bathwater was shared amongst the whole family. The baby was the last one to get bathed and, by then, the water was so filthy that you couldn't see the baby in the bathwater. If you weren't careful, you might throw out the baby as you were emptying the bathing basin. It's an idiom that has nothing to do with what we're talking about. I don't care about tobacco revenues drying up so long as that income tax cut is locked in.
Just say it, you just like those "filthy" cigarette smokers tax money.
By taxing e-cigs for no good reason he is making it more difficult for people to quit smoking the real ones, which are the real health problem. Trying to do this puts the lie to the fig leaf that “we’re taxing you for you’re own good.”
I've heard that Nancy Pelosi like arguement for 30 years and have health care costs gone down?
The answer is no.
Just admit it, you are addicted to smokers money.
As you should. RC One on the other hand loves taxing smokers, like Nancy Pelosi and Obama.
I truly don’t care about that.
As, Nancy Pelosi would say.
And what will be the next habit of which you disapprove that you will seek outrageous tax increases upon so you won't have to pay for your tax cut?
I’m done with this.
Of course you are, as you can’t be honest about your love of policies that punish those you with whom you disagree in order to get what you desire.
You refuse to answer the question because you know your stance on this has been wrong all along.
no, I’m just tired of arguing with drug addicts.
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