taxes

AEP Will Send Customers Some Savings From Federal Tax Cut

Oct 4, 2018
Electric cat / Wikimedia Commons

Ohio utility regulators have approved an agreement returning proceeds of the federal tax cut to customers of Columbus-based AEP.

Ohio Statehouse
Karen Kasler / Ohio Public Radio

Two months into the fiscal year, the state budget department says its forecast for tax revenues is close to on track.

Job seekers at one of two fulfillment centers in Central Ohio.
Esther Honig / WOSU

Ohio has been gaining jobs over the last few years, and its unemployment rate hit its lowest level in 17 years a few months ago. But there are other numbers in the state’s economic overview that raise concerns for a progressive group that reviews the economy each year on Labor Day.

Vice President Mike Pence, in front of an audience of about 400 ardent supporters of his boss, President Trump, at a downtown Cincinnati hotel ballroom, spent an hour talking about a trilogy of ideas that all made his listeners very happy.

The Ohio Statehouse
Flickr / Creative Commons

County commissioners are firing back at a proposal coming next week from a Republican state lawmaker that would restrict their legal power to raise county sales taxes.

Ohio Governor John Kasich speaks during the Ohio State of the State address in the Fritsche Theater at Otterbein University in Westerville, Tuesday, March 6, 2018.
Paul Vernon / Associated Press

The state’s budget office is forecasting a surplus at the end of this fiscal year. Gov. John Kasich says he wants to take that extra money and adjust withholdings, resulting in more money in Ohioans’ paychecks.

Debbie Holmes / WOSU

Voters in Gahanna will decide in November whether to approve an income tax hike, putting the city's tax in line with Columbus but above other suburbs. City leaders say it's necessary because of a projected budget shortfall and delayed infrastructure projects, but the proposal has drawn the ire of local business owners.

The Trump administration is considering another big tax cut.

The administration is studying a proposal to cut capital gains taxes, a move that would primarily benefit the wealthiest Americans.

"There's been a great deal of interest in this provision for a long time," White House spokesman Hogan Gidley told reporters traveling aboard Air Force One Tuesday.

Weinland Park homes
WOSU

Columbus City Council has signed off on a new strategy for offering property tax breaks to developers.

Houses in Weinland Park
WOSU

Columbus City Council will consider a new tax abatement policy during Monday night's regular meeting, as well as a modest slate of amendments to make the measure more stringent.

As nonprofit advocacy groups plunge into a high-priced fight over confirming Supreme Court nominee Brett Kavanaugh, they will no longer have to identify their biggest donors to the Internal Revenue Service.

The IRS announced the rules change Monday evening. Earlier that day, Trump railed against special counsel Robert Mueller's investigation of Russia's cryptocurrency-financed effort to disrupt the 2016 presidential race, and the FBI arrested a Russian national who allegedly used the NRA to build ties among conservatives and Republicans.

Construction at River & Rich in Franklinton.
Nick Evans / WOSU

Columbus leaders baked in the Tuesday morning sun at River And Rich to promote a new tax abatement strategy aimed at increasing Columbus’ stock of affordable housing.

The IRS is planning to unveil a new tax return form — as soon as Friday — that is the size of a large postcard.

It's been touted as a way to simplify tax filing and is something President Trump pushed congressional Republicans to come up with. Treasury Secretary Steven Mnuchin said the document "will be a postcard, as we've promised, and hard-working taxpayers won't have to spend as much time filling out their taxes."

Sounds good, right? Imagine, filing your taxes on a postcard. What could be easier?

Protestors rally in support of the Deferred Action for Childhood Arrivals program known as DACA outside the offices of Sen. Rob Portman, R-Ohio, Sept. 5, 2017, in Cincinnati.
John Minchillo / AP

A new poll shows overall, nearly seven in 10 Ohio voters surveyed say they are very or somewhat satisfied with the way things are going in Ohio right now. They also weighed in on issues like tariffs on Chinese products and immigration.

The Cincinnati Reds gave a way a bobblehead second baseman Scooter Gennett.
Cincinnati Reds / Facebook

When a sports fan goes to a game and gets a free promotional item like a bobblehead, does the team have to pay taxes on that freebie? That was the question before the Ohio Supreme Court.

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