We did a tax reform then that eliminated three business taxes and cut the income tax by 21%. Think about where we were. We were at 7.2% is the highest rate. Now we're at 3.5. And every year we balance the budget and cut the income tax. Balance the budget, cut the income tax. I don't know how long it will take, Jack, but eventually that income tax is going to go away. (12:50–12:56)
CLAIM
Asserts that Ohio's highest income tax rate decreased from 7.2% to 3.5%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
