Tax and Spend

Ohio Governor Kasich signs new budget.

"The budget changes what Ohioans will pay in income, sales and property taxes. Republicans said the changes will add up to a $2.7 billion tax cut over three years."

"Beginning Sept. 1, Ohio’s sales tax rate will increase to 5.75 percent, up from the 5.5 percent, and sometime later this year, withholding tables will be updated to reflect a 8.5 percent cut in the income tax rates for the current year so workers will see a little more money in their take-home pay. The income tax rates will be cut 9 percent next year and 10 percent in 2015.
Certain small businesses, such as S-corporation and partnerships, will be given a 50 percent break on the first $250,000 in revenues. Republicans said the lower tax rates will help spur job creation in Ohio."

That's better than nothing, but what we really need are spending cuts.