Kasich’s proposed tax cut important
Tax cuts that could spur more economic development in Ohio and let Buckeye State residents keep more of their hard-earned money to enjoy progress were proposed recently by Gov. John Kasich. Liberals, including his Democrat challenger in the November election, promptly accused Kasich of not doing enough for low-income people and families.
In a word, that is nonsense. It is more of the class warfare drivel liberals have resorted to in the absence of realistic policy ideas.
But let’s look at whether Kasich indeed has left low-income Ohioans behind.
Late last year – virtually single-handedly in the face of opposition from the General Assembly – Kasich engineered a change that will provide health insurance through the Medicaid program to about 275,000 low-income Ohioans. For them, that will virtually eliminate the single most critical worry most people have – how to pay for health care.
Whether one agrees with Kasich’s move or not, one thing is clear: This is not a governor out to leave low-income Ohioans behind.
His tax cut proposal follows on the heels of others enacted during the past couple of years. In total, they have provided Buckeye State residents and job-creating businesses with hundreds of millions of dollars a year in tax relief. Every Ohioan has benefited.
Now, as the governor proposed in his State of the State speech, it is time to take another step. Cuts he wants lawmakers to approve will take the maximum income tax rate in Ohio below 5 percent for the first time in many years.
That will benefit many Buckeye State residents. Perhaps most important, it will keep some job creators from taking their capital outside the state. It should mean more jobs for Ohioans.
Kasich recommended a variety of initiatives, including important improvements in public schools and higher education.
His tax cut proposal, however, may be the most important in allowing continued improvement of the state’s economy.