Ohio House Committee Approves Delayed Tax Cut

COLUMBUS, Ohio —On a party-line vote, an Ohio House committee has approved a delay in the last-round of a five-year income tax reduction.
   
The House Finance committee, controlled by Democrats, voted 17-13 Tuesday to approve the legislation, which also includes a 5 percent pay cut for state lawmakers.
   
Republicans have said it would amount to a tax increase if the Legislature waits until 2011 to trim income taxes by a final 4.2 percent.
   
The legislation is designed to plug a roughly $850 million gap in the current state budget after the Ohio Supreme Court derailed Gov. Ted Strickland’s plan to put slot machines at race tracks.
   
The bill is scheduled for a floor vote Wednesday. It would then head to the Republican-controlled Ohio Senate.

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