Study: Ohio Tax Changes Could Mean More in State Budget for Families

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Study: Ohio Tax Changes Could Mean More in State Budget for Families
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The analysis also points to a lack of affordable child care leading to education proficiency and kindergarten readiness issues

Pointing to last year’s State of the State speech by DeWine, in which he said “there is simply no better place to raise a family than Ohio,” Policy Matters compared the state to others in the country on categories such as health and wellness, learning and growth, connection and community, and dignity and opportunity.

With the current tax system serving the most wealthy, “the same old strategy isn’t working,” the researchers found. Using data from the Institute on Taxation and Economic Policy estimating 2022 incomes, Policy Matters found that the richest 1% of Ohioans receive more than $50,000 annually in tax cuts on average.

“We all benefit from strong, inclusive public schools, a health care system that provides care for all of us and public institutions and programs that connect people to information and resources to live a decent life,” Policy Matters stated. In the newest budget, Ohio could establish a family tax credit, putting the Women, Infants and Children program online and expanding the Supplemental Nutrition Assistance Program would help impoverished families with better health outcomes and more support, according to recommendations from the think tank.

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