Ohio Senate steers $1.4 billion tax cut to the wealthy as state boots residents off Medicaid

The Ohio Senate’s newly released two-year budget plan contains a tax cut scheme that almost exclusively benefits the state’s wealthiest residents , a move Today in Ohio podcast hosts blasted as the state prepares to remove huge swaths of the population from Medicaid health insurance..

The Senate Republican budget, a mammoth 5,000-page document totaling $60.2 billion, includes a $1.4 billion tax cut that eliminates the top tax bracket of 3.5% and replaces Ohio’s current tiered system with a flat 2.75% rate for everyone making more than $26,000 annually. But here’s the catch – if you make under $100,000, there’s no immediate change to your tax rate whatsoever.

As Lisa Garvin explained on Wednesday’s episode, “If you make more than $100,000, your rate actually drops to 3.1 percent next