A Tipp City Republican has introduced a bill that would lower Ohio income tax brackets every year for the next decade — until the state income tax is eliminated completely.
Income tax elimination is an idea whose time has come, said State Sen. Steve Huffman, who recently introduced Ohio Senate Bill 327.
Essentially, his bill would eliminate Ohio’s income tax in a decade Huffman believes the Laffer Curve, rainy day funding and stronger growth would provide any revenue needed.
Huffman argues that state income taxes have been slowly lowered since the administration of former Gov. John Kasich in 2010 — and yet the result has been steady revenue. Lowering the rate from about 6% to 4% has held revenue at about the $8.2 billion collected in 2010, he maintains.