Updated Tue, Mar 11, 2014 2:39 pm
UPDATE 2:38 p.m. Ohio Gov. John Kasich rolled out an ambitious election-year policy document that cuts Ohio's income tax through increases in drilling and tobacco taxes and streamlines government services for the poor and unemployed.
Details of the Republican governor's mid-biennium review, or MBR, were released today. Testimony is set to begin tomorrow in the GOP-led Ohio House. The bill's prospects amid campaign season are uncertain.
Kasich, who faces re-election this fall, proposes cutting income taxes by 8.5 percent over the next three years, taking the top tax rate to 4.88 percent by 2016. Commercial activity, cigarette and drilling taxes would rise to pay for the reduction.
He also proposed streamlining Ohio's workforce development and poverty programs, tying all public-college funding to graduation rates and expanding vocational and dropout education offerings.
Ohio Gov. John Kasich is preparing to release details of an ambitious election-year policy document that addresses taxes and education and streamlines government services for the poor and unemployed.
The Republican governor's mid-biennium review, or MBR, was expected out Tuesday. Testimony is set to begin in the GOP-led Ohio House on Wednesday afternoon.
Kasich said during his State of the State speech last month that the bill would include his plan for driving Ohio's personal income tax rate to below five percent. That will likely involve a second attempt at increasing Ohio's tax rate on big oil and gas drillers, as well as new taxes on tobacco products.
The bill is also expected to provide details of Kasich's plans for educating Ohio's budding young workforce and retraining the unemployed.