Business Deductions Slows Budget Negotiations

Gov. DeWine says Ohio’s upcoming two-year budget should retain a business deduction that’s become a sticking point in ongoing negotiations. Legislative leaders missed the June 30 deadline for approving the $69 billion spending plan and approved a 17-day temporary budget instead. It’s unclear if they’re in a position to pass the permanent budget by the new deadline, Wednesday. At issue is a $250,000 business tax deduction, currently in state law. DeWine wants to keep the deduction. Fellow Republican House Speaker, Larry Householder wants it reduced to $100,000, and to raise the 3 percent limit on income above $250,000.