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Hispanic advocacy group urges Ohio to back making 2017 tax cuts permanent
Summary
A state strategic director for the Ohio Libre Initiative told the committee that making the Tax Cuts and Jobs Act permanent would protect Latino households and small businesses from higher taxes and help economic stability.
Laiir Marin Markham, state strategic director for the Ohio Libre Initiative, told the House Government Oversight Committee he supports House Concurrent Resolution 8 to urge Congress to make the Tax Cuts and Jobs Act of 2017 permanent.
Markham said stabilizing tax policy protects families and entrepreneurs, and he cited polling and statistics offered during testimony that he said show Latino households and small businesses would be disproportionately affected if the law expired.
Why it matters: The resolution asks federal lawmakers to preserve a major federal tax law that affects individual and corporate tax rates. Supporters said uncertainty about federal tax policy would harm household budgets and small business investment.
Details from testimony: Markham said, as part of his testimony, that “80% of Latinos feel overtaxed” and that “72% of Latino businesses will face tax hikes if TCJA expires.” He asked the committee to encourage Congress to act to prevent tax increases that would affect Ohio households and businesses.
Discussion vs. decision: The committee received proponent testimony during a second hearing; no committee vote or opposing witnesses were recorded during the session.
Ending: The committee chair noted there were many written proponent submissions on the file and asked members to review them; no further action on HCR 8 was taken at the hearing.
