15.08.2014 - 19:32 [ Occupy.com ]

How Crony Capitalism and Deregulation Poisoned Toledo‘s Water

In the first budget he signed after being elected, Kasich cut aid to local and county governments by over $1 billion. Lucas County, which houses Toledo, has its state-based aid cut by $70 million in the last biennial budget. All of these cuts juxtaposed with Kasich‘s welfare for corporations and the rich makes it easy to connect the dots in what Kasich‘s true funding priorities are. Gov. Kasich‘sincome tax proposal, which the legislature recently passed, cuts taxes for the wealthiest 1 percent by over $10,000 per year, and raises taxes on the bottom 20 percent of Ohioans by an average of $63. After his elimination of Ohio’s estate tax for the wealthiest families, cuts are expected to deepen in coming years.