- Associated Press - Monday, February 24, 2014

MEDINA, Ohio (AP) - Ohio Gov. John Kasich (KAY’-sik) has proposed a new round of tax cuts to drive the state’s overall rate below 5 percent.

Kasich says he wants to cut Ohioans’ personal income taxes and the taxes paid by small businesses.

Kasich announced the proposal Monday during his annual State of the State speech held this year in Medina.

The $62 billion, two-year state budget Kasich signed in June cut Ohio’s income tax rates by 8.5 percent in 2013, another half percent in 2014 and another 1 percent in 2015.

These were Ohio’s first downward revisions since 2009.

Kasich says tax cuts are key to fueling the state’s economic recovery and to keep people from leaving Ohio.

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