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Corporate Tax Cuts

Jo ingles

Ohio is one of only six states in the country that doesn’t have an income tax on corporate profits. A liberal leaning think tank that studies public policy says that needs to change. Statehouse correspondent Jo Ingles reports. 

Two years ago Friday, Republicans in Congress passed a sweeping tax cut. It was supposed to be a gift-wrapped present to taxpayers and the economy. But in hindsight, it looks more like a costly lump of coal.

Passed on a party-line vote, the tax cut is the signature legislative accomplishment of President Trump's first term. He had campaigned hard for the measure, promising it would boost paychecks for working people.

Dan Konik

Ohio Republican Congressman Jim Renacci says his U.S. Senate race against Democratic incumbent Sherrod Brown is about two people from different backgrounds.

Updated at 4 p.m. ET

The federal deficit ballooned to $779 billion in the just-ended fiscal year — a remarkable tide of red ink for a country not mired in recession or war.

The government is expected to borrow more than a trillion dollars in the coming year, in part to make up for tax receipts that have been slashed by GOP tax cuts.

Corporate tax collections fell by 31 percent in the fiscal year ending Sept. 30, despite robust corporate profits. That's hardly surprising after lawmakers cut the corporate tax rate from 35 percent to 21.

c-span.org

President Trump criticized U.S. immigration policies during a business roundtable in Cleveland on Saturday. 

whitehouse.gov

The White House says President Trump will visit Cleveland this weekend to tout his unpopular tax cuts. 

The Public Utilities Commission of Ohio has rejected legal arguments by the state's four electric utilities seeking to avoid returning proceeds from the federal tax cut to customers through rate reductions. 

Andy Chow

Corporations are seeing big savings as the effects of the large federal tax cut take place.

cincinnati.com

While the stock market was taking a major dive on Monday, President Trump was in the Cincinnati area to drum up public support for the unpopular Republican tax cut package. 

whitehouse.gov

The White House says President Trump will visit Cincinnati and Blue Ash on Monday to promote the the Republican tax plan he signed into law last year. 

Ohio Public Radio

U.S. Treasury Secretary Steven Mnuchin was in Columbus yesterday to promote the  1.5 trillion dollar Republican tax plan being considered on Capitol Hill.

wksu.org

Democratic U.S. Senator Sherrod Brown of Ohio says his constituents will support his opposition to President Trump's corporate tax cut proposal.