Mon Feb 13 2012
When the gambling question arose, Gov. Ted Strickland, a Democrat, waffled and in so doing lost some credibility for it.
Now it is the Republicans who control the Ohio Senate are doing the waffling. Faced with a projected deficit of about $900 million, Strickland has proposed eradicating the deficit by postponing an income tax cut that was scheduled to go into effect this year for individuals and businesses across the state. The scheduled tax cut is part of a series of reductions that were approved under former Gov. Bob Taft to make the state more business friendly.
It appears to us that Strickland, already backed up by the Democratically controlled House, has the better argument. The state, which has already slashed numerous programs and jobs, needs the money to operate. Deferring the tax cut for a year would supply the money. The postponement does not constitute an elimination of the tax reductions, but a slowing of them to enable the state to continue minimal programs.
The Ohio Senate wants to look for other alternatives, but where are they and what are they? Unless they can come up with a reasonable alternative quickly, they should go along with the slowing of the tax reduction schedules.
Ohioans already pay taxes at a lower rate than they did the previous biennium. State and local government funds have been reduced. Local libraries have been among the worst affected by the reductions although the list of those already hurt by the cutbacks is long and in some cases very sad.
Deferring the scheduled tax cuts would end the deficit problem for the biennium and give the state some breathing room, hoping for an economic recovery to take care of the deficit issue.
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4 Total Comments
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Posted by Uknown November 18, 2009
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Get a life, Theophilus |
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Posted by one_tiny_voice November 18, 2009
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Fire Strickland ASAP.
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Posted by Uknown November 17, 2009
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I agree with AMT. Republican bragging rights are more important than government services.
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Posted by AMT November 17, 2009
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Quit calling this a "delayed tax cut". This is a tax increase, and a retroactive one.
State law already has set the tax rate, and Strickland would increase it. Your intellectual dishonesty is showing. |
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