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Kasich Still Wants Statewide Income Tax Cut
By: Associated Press
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Gov. John Kasich says he's exploring an overhaul of Ohio's tax code to eliminate loopholes and other "special deals" that could be responsible for high state tax rates.
The Republican governor said he still wants to deliver a modest statewide income tax cut with revenue from a severance tax increase on oil and gas drillers.
The idea remains stalled in the Legislature.
But Kasich told reporters Friday even with that severance tax proposal in place he'd like to see the income tax rate go lower.
He said his reform plan is still in its infancy.
Fellow Republican Bob Taft signed a major tax overhaul in 2005.
It included a phased-in 21 percent income tax cut, a reduction in the state sales tax, elimination and restructuring of some business taxes.