House Lawmakers To Begin Debate On Tax Cut Freeze

By: Associated Press
By: Associated Press

Columbus, Ohio (AP) -- House lawmakers plan to begin debating a bill that would freeze the final round of planned income tax cuts and cut legislators' pay by 5 percent.

The House Finance and Appropriations Committee expects to take up the legislation in a first hearing this afternoon (Monday).

Delaying the final 4.2 percent reduction in income taxes across all tax brackets would bring in an estimated $850 million in revenue.

A budget hole of roughly the same size opened when Gov. Ted Strickland was forced to backtrack on his plan to put lottery-run slot machines at the state's horse racing tracks.

House republicans have already assailed the measure as a tax increase, but republicans who control the senate haven't given a firm position.

House speaker Armond Budish says the lawmaker pay cut is designed to show shared sacrifice.

(Copyright 2009 by the Associated Press. All rights reserved.)

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