Last week we told you about a ruling from the Ohio Supreme Court that put a roadblock in front of Governor Ted Strickland's plan to add video slot machines at horseracing tracks. We also argued that this presented an opportunity to instead make the state's revenue stream fairer and more sustainable.
On Wednesday, Governor Strickland took a step toward doing just that. He proposed postponing the last phase of the income tax rate reductions passed under the previous governor, which lowered the state's income tax rates by 20% over five years.
Policy Matters Ohio has said that the tax cuts haven't lived up to their promise of improving economic conditions for ordinary Ohioans. While a complete repeal of the Taft tax cuts would be ideal, Governor Strickland's proposal comes as welcome news.