Tax Reform

Politics
12:07 pm
Fri June 21, 2013

Ohio Lawmakers Unveil Tax Reform Plan

Ohio lawmakers have come to an agreement on a new tax reform plan that they say is fair and will help all Ohioans. The plan will provide income tax breaks to nearly all Ohioans but will raise some taxes and shift some tax burdens.

Republican Senate President Keith Faber says the tax plan Senators and House member have agreed upon is fair to all Ohioans and accomplishes a major goal.

"The number one thing that this plan does that former plans have not – this is sustainable, it is balanced and it does not rely on one time money," says Faber.

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The Economy & Business
7:04 am
Fri November 30, 2012

Ohio Senator Wants Tax Reform For "Fiscal Cliff"

Ohio's Republican senator sees tax reforms, not letting taxes go up, as the way to ease the nation's fiscal crunch.

Rob Portman says he thinks higher tax rates now for any group would be a mistake. But he says tax changes could be part of a plan that adds revenue while reducing federal spending.

Portman talked with reporters Thursday as Congress and the Barack Obama administration are trying to avoid a year-end "fiscal cliff" that would see tax cuts expire while spending cuts kick in.

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