Ohio governor suggests tax hikes on sports betting
Governor Mike DeWine proposed a two-year state budget on Monday, focusing on raising taxes on sports gaming and marijuana to fund various initiatives, including a new child...
Ohio House rejects DeWine’s sports betting tax hike proposal
Ohio governor Mike DeWine’s proposed tax hikes on sports betting, cigarettes, and cannabis have faced significant opposition in the state’s Republican-controlled House.
As the House prepares to review amendments to the budget, House Finance Committee Chair Brian Stewart has expressed that most of his colleagues are not in favor of the proposed tax hikes.
Announced back in February, DeWine’s plan suggests doubling the tax on sports betting from 20% to 40%, with the extra funds going toward sports-related projects. He also proposes a $1.50 increase in cigarette taxes to fund a $1,000 child tax credit and doubling the cannabis tax from 10% to 20%. However, these proposals don’t seem to get much support.
Brian Stewart stated:
“I don’t support these tax increases, and in my discussions with members, it’s clear that the majority of Republicans do not support them either. But we will not determine anything concrete relating to the substitute bill until we receive and deliberate on members’ amendments.”
It is not only Steward who opposes the tax hike idea. Senate President Rob McColley has also raised concerns about raising taxes, especially as Ohio continues discussions about possibly eliminating or flattening the state income tax. Despite the pushback, no final decisions will be made until after lawmakers review and discuss any changes to the budget.
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