In this week’s “GCP Insight” interview on state tax reform, Marty McGann, the Greater Cleveland Partnership’s senior vice president of advocacy, provides an update on Ohio House and Ohio Senate actions on Governor Kasich’s FY 2016-2017 budget proposal.
The Governor’s proposal, which calls for a reduction in personal income tax, also included expansion of the Commercial Activity Tax (CAT) and the sales tax.
Last month, the GCP and its partner chambers in the Ohio Metro Chambers Coalition released the results of an EY study that highlighted significant problems with the Governor's tax reform proposal. The chambers’ press release
pointed out that "if enacted – (the reforms) could stall Ohio’s recent economic rebound."
“As currently proposed, this is not the right tax plan for Ohio,” said Joe Roman, president and CEO of the Greater Cleveland Partnership and chair of the Ohio Metro Chambers Coalition. “Raising and expanding taxes on Ohio employers may make the state a less competitive place to do business.”
Click to watch the video.