Governor Kasich Not Backing Down on Proposed Tax Hike
From the Tallmadge Express:
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Read the entire article by clicking here.Gov. John Kasich isn't hiding his frustration with energy companies and efforts to block a proposed tax increase on oil and gas production in eastern Ohio's shale deposits.Lawmakers balked during the past session at Kasich's plan to increase the state's severance tax rate, using the proceeds to implement a corresponding decrease in Ohio's income tax rates.The plan will be included in a larger tax reform package Kasich will offer in the new year."… Modernizing the severance tax keeps us as the lowest severance tax state in the country," Kasich said. "There is no danger that people are running away. Since we've been talking about this, they've continued to invest billions."
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