Two Wins for Tax Cutting in Ohio
Ohio last week scored a double victory for taxpayers. Gov. Mike DeWine and the Legislature passed an income-tax cut that returns part of the state’s surplus to individuals and businesses. A legal victory also rolled back the Biden Administration’s attempt to seize control over state fiscal policy.
Federal Judge Douglas Cole on Thursday ruled in Ohio’s favor in its challenge to the American Rescue Plan Act, aka the March spending blowout. The law granted state and local governments$350 billion but included a catch: The money could not be used to “either directly or indirectly offset a reduction in the net tax revenue.” The Biden Administration wants to steer funds to public employees instead of letting states cut taxes
January 1, 1970
