Ohio Governor Mike DeWine has expressed firm opposition to proposals aimed at abolishing property taxes in the state, arguing that such measures would lead to devastating economic consequences. DeWine warns that replacing property taxes with significantly higher sales taxes—potentially increasing rates to between 17% and 20%—would impose a heavier burden on Ohio consumers. He believes this shift could disrupt the financial landscape, disproportionately affecting middle and lower-income residents who rely heavily on property ownership and local services funded by property tax revenues.
The Governor’s stance is rooted in the belief that property taxes are a stable source of revenue that supports critical services such as education, infrastructure, and public safety. He contends that abolishing these taxes could create a substantial funding gap that would hinder local governments’ ability to function effectively. The discussion surrounding tax reforms in Ohio emphasizes the need for a balanced approach that preserves essential services while ensuring fair tax structures.
**Key Points:**
– Governor DeWine argues against abolishing property taxes, labeling it potentially devastating.
– Proposed tax shifts could lead to increased sales tax rates of 17% to 20%.
– Higher sales taxes would disproportionately impact middle and lower-income residents.
– Property taxes are crucial for funding education, infrastructure, and public services.
– The need for a balanced tax reform approach is highlighted to protect essential services and maintain fair tax burdens.
You can read this full article at: https://wrenews.com/ohio-gov-dewine-abolishing-property-taxes-would-just-be-devastating/
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