Sunday, June 20, 2010

Kasich's Tax Cuts?

If you'd like to know what Republican John Kasich's proposed elimination of the Ohio income would do to Ohio, just look at what is happening in New Jersey.

The Paramus Post:


Assembly Speaker Sheila Y. Oliver and Assembly Majority Leader Joseph Cryan on Tuesday announced the Assembly on Monday will vote to override Gov. Chris Christie’s vetoes of property tax relief for more than 600,000 New Jersey senior and disabled citizens.

The bills (A-10 and A-20) providing senior and disabled citizens with up to $1,295 in property tax relief by restoring a surcharge on 16,000 millionaires passed the Assembly and the Senate on May 20, only to be immediately vetoed by Gov. Christie. Both bills passed the Assembly 46-32. Vetoes can be overridden with 54 votes....


....An analysis prepared by the nonpartisan Office of Legislative Services reported that under the Christie plan, a retired couple living on a fixed income of $40,000 would see a $1,320 increase in taxes while a family making $1.2 million would receive a tax cut of $11,598.....


I can hear the battle cry from the Republicans, "Protect the Millionaires, Oil Companies, Bankers, Charter Schools!!!!!"  

While John Kasich pocketed bonuses at Lehman Brothers, retirees, widows, state pension funds, lost millions of dollars.  Do we want the Lehman Brothers philosophy  (the rich get richer) at work in Ohio?