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Local Senator to Introduce Bill to Eliminate Income Tax in Ohio – WHIO TV 7 and WHIO Radio

TIPP CITY — State Senator Steve Huffman of Tipp City thinks it’s time to get rid of Ohio’s income tax. It outlines a plan to end the tax within the next 10 years.

Mike Campbell of News Center 7 heard about the plan and spoke to Huffman and taxpayers about how it could impact you and me.

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Every April 15, for those who don’t have their taxes online, there’s a big rush to bring the paper forms to the post office to file their taxes. But, if Senator Huffman is successful, you will soon have one less form to drop in the box.

“We slowly decreased it,” Huffman said.

Huffman represents an area north of Dayton in the Ohio Senate. He said lawmakers have made small state income tax cuts.

“We had rates around 6 or 7 percent over 10 years and we raised $8.5 billion,” Huffman said.

He said those actions did not hurt Ohio’s finances. He went on to say that the 6% income tax brought in just over $8 billion in 2011.

A decade later, with the rate falling below 4%, income tax has risen much more – $10.2 billion.

Huffman said now is the time to act boldly and eliminate Ohio’s income tax within the next decade.

“Basically, 1/10th of each slice is diminished every year for 10 years and it’s gone,” Huffman said.

Joan Foy said: ‘I think it’s brilliant. A lot of people are retiring and moving to Texas and Florida, moving then maybe a lot of people are staying in Ohio.

Foy said it’s usually not difficult to convince taxpayers to applaud the idea of ​​lowering or eliminating taxes.

“So it’s more growth for the economy. More money for shops and restaurants. I think it’s a great idea,” Foy said.

It’s possible that if you eliminate the income tax, lawmakers might decide to protect themselves against possible revenue loss by raising other state fees, or counties might raise sales tax.

Huffman thinks economics solves the problem on its own with fewer restrictions.

“Once you give that money back to taxpayers, they spend it more and there’s more tax revenue,” Huffman said.

If you eliminate state income taxes, funding state agencies like the Ohio EPA office in Dayton is still a concern.

Huffman said there are already nine states, including Texas and Florida, without income taxes that appear to be doing well.