Ohio Report for Wednesday, May 27, 2015 Senate Report
House Report

Faber Says Senate's ‘Net' Tax Cut Will Top House's, Fully Expects Budget To Be Done By June 30

Sen. Faber

Details on how they will get there remain elusive, but Senate Republicans plan to increase the "net" tax cut for individuals and businesses in the biennial budget before sending the bill on to conference talks next month, the chamber leader said Wednesday.

Gov. John Kasich proposed a series of tax hikes and cuts in the bill (HB 64*) that netted more than $500 million in personal income tax reductions over two years. The House nixed most of the increases and relied mostly on rosier revenue and spending projections from the Legislative Service Commission in proposing a net $1.2 billion cut during the biennium.

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