Bill > SCR9

This resolution urges the United States Congress to make the 2017 Tax Cuts and Jobs Act (TCJA) permanent, highlighting several key benefits of the original legislation. The resolution notes that the TCJA has provided significant tax relief to individuals, families, and businesses, led to increased economic growth, job creation, and higher wages, and simplified the tax code. The lawmakers argue that the temporary nature of certain TCJA provisions creates uncertainty for taxpayers and businesses, potentially hindering long-term planning and investment. The resolution draws a parallel to Ohio's own tax reforms, which have reduced income tax brackets from eight to two and lowered the top marginal rate from 4.997% to 3.50%. By passing this resolution, the Ohio General Assembly is formally requesting that Congress make the TCJA's tax cuts permanent to continue supporting economic prosperity. The resolution also instructs the Senate Clerk to send authenticated copies of the resolution to key federal government officials, including the President, congressional leadership, and Ohio's congressional representatives.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/scr9