- 1:59 pm Sunday, December 10th, 2017 by Staff Writer
Jessica Wehrman and Michael Dulman in our Washington Bureau report that Sen. Rob Portman’s influence over the tax legislation racing through Congress will continue.
Portman, R-Ohio, was named last week as one of the senators to be part of a conference committee with the House to forge a final compromise of the GOP-backed plan to overhaul the tax code and reduce tax rates for corporations, small companies, and individuals.
The House and Senate approved slightly different versions of the tax bill, meaning the conferees have to reconcile those differences. Once they do, the House and Senate will have to pass the bill [More]
- 4:30 pm Wednesday, September 6th, 2017 by Staff Writer
By Jack Torry
Sen. Sherrod Brown warned if Republicans try to overhaul the tax code without enlisting Democratic support, a chance of “comprehensive pro-growth reform” will collapse much like the health-care bill did this summer.
On the same day President Donald Trump was delivering a speech in North Dakota about revising the tax code, Brown, D-Ohio, said Wednesday that Senate Majority Leader Mitch McConnell, R-Ky., has appeared to settle on a strategy that will end with only a major tax cut for the wealthy.
“I am convinced we can do tax reform if Mitch McConnell would open it up just the way [More]
- 3:40 pm Monday, January 30th, 2017 by Staff Writer
Ohio Gov. John Kasich today proposed a 17 percent cut in income taxes through a dozen changes, including increasing the exemptions allowed for families making less than $80,000. Kasich also wants to simplify the state tax code by collapsing the number of tax brackets.
Our Columbus Bureau reporter Laura Bischoff has all of the details:
The governor, once again, is proposing higher tax rates for oil and gas producers — an idea that has not gotten traction from lawmakers in previous years.
He is proposing increasing the state sales tax to 6.25 percent, up from the current 5.75 percent, [More]