FitzGerald for Ohio Releases Kasich Tax Shift Calculator Digital tool lets you instantly see how Kasich stiffs working taxpayers and rewards the rich COLUMBUS, OH – The FitzGerald for Ohio campaign today launched a digital tax calculator that lets working Ohioans instantly measure how Gov. John Kasich’s new tax plan rewards the rich and stiffs working taxpayers and middle class families. The governor’s skewed priorities will give the wealthiest Ohioans on average a $6,000 tax handout while working Ohioans will pay higher sales taxes, the elderly on fixed incomes will lose their homestead tax exemption, and homeowners will suffer a 12.5 percent sticker shock on future levies for schools, libraries and public safety. “Gov. Kasich’s extreme tax plan is a window into his priorities: rewarding the wealthy and well connected and sticking everyone else with the bill,” said Nick Buis, FitzGerald campaign manager. “When working taxpayers use the calculator, they will instantly see how John Kasich is giving the wealthy a windfall and shifting the tax burden onto the middle class.” Gov. Kasich’s tax plan increases the sales tax and eliminates the homestead exemption for the elderly and the 12.5 percent property tax rollback for local homeowners altogether. The governor is attempting to trade a meager income tax reduction for working and middle class families in return for higher sales and property taxes, but it is a bad deal for everyone but the wealthiest in Ohio. For example, the calculator shows a working taxpayer making $25,618, or the median Ohio income, receives a $5 tax break overall. The median household, earning $48.071, gets $9 back. Meanwhile, the top one percent of Ohio income earners would receive about $6,000, on average. “It’s astonishing to see the impact of the Kasich tax shift in such stark terms,” Buis said. “While the wealthiest Ohioans can anticipate a huge $6,000 tax handout, a typical middle-class Ohioan will get a mere nine dollars back, which couldn’t even cover a pizza-- and that doesn’t take into account higher local property taxes for schools, libraries and public safety going forward. Ohioans have a right to feel ripped off.” The calculator is based on a comprehensive analysis of the Kasich budget done by Policy Matters Ohio, which can be viewed here. The study includes the net impact of Ohio’s sales tax increase and income tax rate decrease. It does not include any changes to property taxes, although any future funding levies for things like schools, libraries, and public safety will essentially be subject to a 12.5 percent greater tax liability. The Kasich Tax Shift calculator can be viewed HERE. From serving as an FBI agent on the Organized Crime Task Force, assistant prosecutor, Lakewood mayor, and county executive, Ed FitzGerald has brought down corrupt public officials, cleaned up government and fought to make government work for the middle class. For more information, visit edfitzgeraldforohio. ###
Posted on: Fri, 06 Sep 2013 17:55:07 +0000
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