Tagged: State Budget

Governor Kasich will give his State of the State speech Tuesday night in Lima. Kasich has said there won't be much new in his speech, but it will be his chance to defend his newly proposed budget and set the gears in motion for reelection. Ohio Public Radio's Karen Kasler joins Emily McCord for this week's PoliticsOhio for a preview.

Gov. John Kasich has long said Ohio needs to be competitive when it comes to taxes – it’s his argument for lowering and eventually eliminating the state income tax. With both tax cuts and tax increases in it, along with the expansion of Medicaid, Kasich’s second budget has generated both praise and controversy.

Neil Clark was the chief financial officer for the Ohio Senate Republican Caucus in the 80s, and is an expert on budgets and taxes. He doesn’t have much love for the plan to levy sales taxes on services where there were no sales taxes before.

Governor John Kasich released his $63 billion budget plan on Monday. The plan, which the governor is calling Jobs Budget 2.0 is set to have a profound effect on Springfield's economy. 

Governor Kasich has proposed $1.4 billion in tax cuts over the next three years and $3 billion in sales tax revenues over the next two years.

Kasich wants to reduce the tax rate on most small businesses by 50 percent and cut the income tax rate by 20 percent over three years.The sales tax rate will also drop from 5.5 to 5 percent.