taxes

In this new year, beer brewers are enjoying a temporary excise tax break that was signed into federal law as 2017 was winding down.

Carolyn Kaster / Associated Press

While the tax reform law will provide tax cuts to Ohioans, those cuts may not provide the boost needed for future economic growth. Ohio State University economist Mark Partridge says Ohio's manufacturers may see some benefit, but investment in workers will do more.

Esther Honig

The Franklin County treasurer's office has seen an unusual amount of traffic in the last two weeks, and that has a lot to do with the recent Republican tax overhaul.

Fifth Third Bank branch
Fifth Third Bank

Fifth Third Bancorp is promising to raise its minimum wage to $15 per hour and give most of its employees a $1,000 bonus after President Trump signs the GOP tax cuts into law.

Updated at 1:26 a.m. ET Wednesday

Republicans in Congress approved a sweeping and controversial $1.5 trillion tax overhaul, with the Senate voting early Wednesday along straight party lines to move the measure forward.

Adora Namigadde

The Franklin County Board of Commissioners unanimously passed a resolution to make a temporary quarter-cent sales tax permanent.

A one lane bridge over Yellow Creek in Jefferson County, Ohio.
Roseohioresident / Wikimedia Commons

President Trump is turning his attention this week to the $1 trillion U.S. infrastructure overhaul he promised during his campaign. But Ohio’s Democratic U.S. senator says the details are looking a lot different than candidate Trump promised.

Graduate students nationwide can breathe a sigh of relief: Their tuition waivers won't be taxed after all.

A provision in the Republican House tax plan had originally proposed taxing grad students' tuition waivers as income. It was a controversial proposal and sent a wave of anxiety across campuses, leading to protests at dozens of universities.

Ohio U.S. Senator Sherrod Brown
J. Scott Applewhite / AP

Republican House and Senate negotiators – including Ohio U.S. Sen. Rob Portman – have agreed on a compromise tax package will likely come up for a series of votes next week. Details are scarce but, Ohio’s Democratic U.S. Senator continues to lambaste the foundation of the deal.

Updated at 7:29 p.m. ET

In making his "closing argument" for tax legislation expected to get a vote in Congress next week, President Trump announced that the changes would take effect early next year.

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