OH Gov Kasich’s 500% Severance Tax Increase a Jobs Killer

Ohio Gov. John “severance tax” Kasich is Johnny One Note when it comes to his desire to tax the Utica Shale industry and transfer their hard-earned money away to other people who didn’t earn it. In January, Kasich announced he would obstinately include a nosebleed-high Utica Shale severance tax (6.5%) in his biennium budget–again (see OH Gov. Kasich Recycles Proposal to Increase Utica Severance Tax). If you calculate it out, Kasich’s proposed increase is 500% higher than what it is now. According to Joe Nichols, policy analyst at The Buckeye Institute’s Economic Research Center in Columbus, the increase in the Utica Shale tax is a jobs-killer in the Buckeye State. Nichols takes aim at this latest effort by Kasich to screw up the Utica Shale industry in Ohio…

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