Ohio GOP income tax bill could increase property taxes and cut business taxes

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Ohio House Bill 1, which aims to establish a flat income tax rate, would increase property taxes and cut business taxes unless the Republican-backed bill is amended.

and The Plain Dealer earlier reported. But experts who have analyzed the bill say it also carries potentially severe ramifications for taxpayers that the bill’s backers have, so far, failed to address. Specifically, a decades-old state law designed to stabilize property tax collections against crashes or spikes in property valuations, could mean higher taxes for homeowners, in light of HB 1′s reduction in the percentage of property that can be taxed.

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Amidst a flurry of bad proposed legislation pouring out of Columbus, this may be the worst!

That would be great for the business owners because none would give that savings to the employees. This would only be a tax on the workers and a tax savings for the emoloyers.

normal GOP behavior, tax breaks for the rich

Whoa! Conservatives want to give businesses tax breaks!? Crazy!

Ohio, home to the rich, where the poor and regular pay for everything and the rich pay for nothing.

Duh, GOP all for giving businesses a pass and shouldering the burden on home owners. Best play for a family right now is to rent

Looks like another 'winner' for the white working class. When you vote for Maga gop u get fleeced. Higher property taxes for all ohio homeowners 😆

Taxing income is stupid and counter-productive. Tax consumption.

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