budget based on 'all taxes are bad,'

YOUNGSTOWN

While promoting Gov. John Kasich’s budget proposal, Lt. Gov. Mary Taylor said, “All taxes are bad.”

Kasich’s proposal includes the elimination of income taxes for small businesses with gross annual receipts of less than $2 million and cuts income taxes for all taxpayers but increases the sales tax and taxes for fracking.

“If you believe all taxes are bad, there are some that are worse than others,” Taylor, a Republican, said today after a tour of J.L. Treharn & Co. Inc. The income tax “has more of a detrimental impact on economic activity and economic development” than sales tax.

J.L. Treharn makes antique reproduction furniture at the Ward Bakery building, which it owns and has been there for 29 years.

“We’re looking at trying to reduce the income tax while shifting to a more consumption-based tax in the state of Ohio,” Taylor said.

Kasich’s proposal would increase the commercial- activity tax on businesses with gross annual receipts of more than $2 million from 0.26 percent to 0.32 percent.

The proposal includes a 23 percent income-tax reduction for taxpayers, but also an increase and expansion of the state sales tax from

5.75 percent to 6.25 percent.

Read more about the governor's tax plans in Friday's Vindicator or on Vindy.com.