Ohio Senate GOP Moves to Give Wealthiest Ohioans Tax Cut
- Ohio Senate Republicans proposed a biennial budget in June 2025 introducing a flat 2.75% income tax rate for earners above $26,000, replacing the tiered system.
- This change aims to eliminate Ohio's current three-bracket tax system, aligning the state with neighboring ones like Kentucky and Indiana that already use flat rates.
- The budget projects a $1.4 billion income tax cut benefiting primarily the top 20% of earners making at least $139,900, while reducing funding for Medicaid, schools, and libraries.
- Senate Finance Chairman Jerry Cirino called the flat tax a "really important milestone," but critics warn it will reduce revenue and harm services, with over 98% of benefits going to the wealthiest.
- Lawmakers must finalize the budget by June 30, 2025, with upcoming committee hearings likely to revise the plan and decisions on balancing tax cuts with service funding shaping Ohio's future.
11 Articles
11 Articles
Ohio Senate budget plan makes sweeping tax changes
COLUMBUS — The proposed two-year budget unveiled this week by Ohio Senate Republicans would make sweeping changes to Ohio tax law — from creating a flat personal income tax at the state level to restricting property tax levies at the local level.
Senate gives $1 billion tax cut to wealthy Ohioans in unveiled budget
By Anna Staver cleveland.com (TNS) COLUMBUS — Senate Republicans released their two-year budget that gives a billion-dollar income tax cut to wealthier Ohioans, removes increases for Medicaid, and takes $600 million from unclaimed funds to build a new stadium for the Cleveland Browns. “This is a bold budget,” Sen. Jerry Cirino, a Lake County Republican, said. “We are doing fiscally responsible things. We’re also making investments to help Ohioan…
Committee Hears Ohio Senate’s Budget for First Time Since Public Release
by JD Davidson The state senate’s proposed Ohio budget was back in front of the Finance Committee on Wednesday for the first time since Republican leadership called its two-year plan bold. The plan, which includes the final phase-in of a flat income tax rate, the elimination of property tax levy options and a ban on certain school districts from asking for new taxes, is getting both applause and criticism. The proposal drops Ohio’s state tax r…
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