Ohio Lawmaker Proposes Capital Gains Tax Cut
Cincinnati News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Ohio Republican lawmaker Tom Young proposes House Bill 17 to eliminate state income taxes on capital gains, potentially attracting investors and boosting business growth. However, the move could cost the state between $615 million and $680 million annually, with Young disputing the figure. Supporters argue it will strengthen the economy, while critics claim it mainly benefits the wealthy. The bill, filed in December, needs full approval from the House, Senate, and governor before the end of the year.
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