DOCSLIB.ORG

Governor's Tax Cuts Are Painful in Other Areas

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Governor's Tax Cuts Are Painful in Other Areas 20150406-NEWS--1-NAT-CCI-CL_-- 4/3/2015 2:37 PM Page 1 $2.00/APRIL 6 - 12, 2015 Proposed bill that would allow open containers in certain areas has detractors — P. 5 SPECIAL SECTION: Crain’s Cleveland honors some of the region’s top CIOs — Pages 15-22 Governor’s tax cuts are painful Hotels digging in other areas local landscape Many small biz owners say plan’s positives are negated by hikes that would be costly Once-slow market has been booming in region By JAY MILLER governor’s plan, a large segment of By STAN BULLARD [email protected] the small business community, [email protected] ADDING IT UP: judging from interviews and from You’d think small business own- testimony before the Ohio House Suburban hotel development in North- ers would be jumping on the band- Ways and Means committee, sees east Ohio, typically measured in one or two wagon to support a tax reform plan the increases in other taxes as a year, is kicking into a much higher gear. that broadly cuts the income tax negating the income tax cut. More than 10 hotels are under construc- 1, 078 and even exempts the owners of the Kasich spokesman Rob Nichols tion or scheduled to start this spring in the smallest of businesses from paying did not respond by presstime last region. Four of those are rising or are Rooms/suites proposed any Ohio income tax. Friday, April 3, to requests for com- scheduled to go up this year in western It hasn’t happened since Gov. ment. Cleveland suburbs and Lorain County. or under construction John Kasich rolled out his budget Even the Ohio chapter of the Na- Along with the just-completed Cambria Inn proposal in February. The reason? tional Federation of Independent in Avon, they are the first new West Side ho- While Kasich’s office says the plan Businesses, generally a supporter of tels since the 1990s. would save the owners of 971,000 business tax cuts, isn’t supporting this Capturing resurgent business travel and small businesses about $696 million bill. Instead, it’s neutral. Roger Geiger, growing leisure travel is the objective for $135M in income taxes over two years, it vice president and executive director this batch of inns, but the looming Repub- asks for large chunks of that back in of the 25,000-member NFIB/Ohio, lican National Convention in 2016 is giving Investment* other tax increases that businesses said the group has supported Kasich’s developers an extra reason to push their would end up paying for. past income tax cuts and might have projects through. Broadly, Kasich’s two-year, $72.3 supported this most recent cut had it Next to I-77 immediately north of Rock- billion general revenue budget pro- been a standalone cut. side Road in Independence, a line of trees posed a cut in the income tax for all “If that were it, we’d be ecstatic See HOTELS, page 24 taxpayers by an average of 23% over with what he’s doing,” Geiger said. the two years. Beyond that, it ex- “The problem is he raises about 13 empts from the income tax all in- different taxes, and those are taxes come for small business owners many small businesses pay.” with gross receipts of less than $2 In particular, Geiger referred to RESEARCH million annually. the increase in the commercial ac- Those income tax reductions tivity tax, or CAT, which is levied would reduce tax collections by $5.7 against gross receipts regardless of CRAIN’S billion. But those cuts would be off- whether a business is profitable. set by nearly $5.2 billion in tax in- The Kasich plan increases the CAT creases, producing net tax cuts of to 0.32% from 0.26%. only $523 million. Those increases affect retailers While a number of business own- the hardest. ers and trade association represen- “We are a high sales, low margin tatives are offering support of the See TAX, page 26 Vol. 36, No. 14, Entire contents © 2015 by Crain Communications Inc. 14 7 NEWSPAPER 74470 83781 0 MAP: GOOGLE MAPS, FACTBOX: *USING INDUSTRY ESTIMATES (COST PER KEY), 20150406-NEWS--2-NAT-CCI-CL_-- 4/3/2015 2:16 PM Page 1 Small Business Matters i Want more information and resources on this week's topics, ideas and events? Go to www.cose.org/smallbizmatters. PRESENTED BY RAISE YOUR VOICE Small Business Big Impact COSE’s job is to raise your voice with poli- April 6 J`THRLYZHUKLSLJ[LKVɉJPHSZ[VLUZ\YL6OPV is a place your business can thrive. Every two years, we convene small business owners to set our priorities for the upcoming legislative By The Numbers sessions in Columbus and Washington, D.C. The experiences of those small business own- ers, the challenges they face and the issues they believe will be at the forefront, help us to form a hit list of issues and opportunities in the work we do advocating on your behalf. In addition to proactively reacting to issues 2,000 that surface without a lot of warning, we’ll also be working to push several important priorities State of Ohio to the top of the pile of issues and conversa- Business-Related [PVUHTVUNV\YLSLJ[LKVɉJPHSZ*6:,»ZSLNPZ lative and regulatory goals for 2015-2016 will Rules & Regulations focus on: Filed on Average Energy – More support for small businesses Annually that want to reduce their costs through energy LɉJPLUJ`"TVYLLULYN`JOVPJLZMVYZTHSSI\ZP [OL ILULÄ[Z ZTHSS I\ZPULZZ V^ULYZ NL[ MYVT ULZZ[OH[Z[HIPSPaLJVZ[Z"HUKTVYLVWWVY[\UP personal income tax reductions. Get on the Bus! ties for education, technical support and project Workers’ Compensation – Provide more Connection Calendar Join us for COSE Day at the ÄUHUJPUNMVYZTHSSI\ZPULZZLULYN`LɉJPLUJ` training program support for employers and Capitol on Tuesday, May 12 and Health Care – Achieve greater uniformity TVYLZHML[`LK\JH[PVUMVY^VYRLYZ"NL[YPKVM OHTEC PITCH NIGHT take advantage of the unique oppor- IL[^LLU Z[H[L HUK MLKLYHS OLHS[O JHYL SH^Z" rules that put a former building occupant’s tunity to meet with policymakers and Hear pitches on some of the coolest new tech support state payment reform initiatives that re- workers’ compensation liability on the new discuss ways in which we can work businesses, products and ideas in NEO. duce the total cost of health care claims. occupant of a building when there is no rela- together to enhance the small busi- MONDAY, APRIL 13 Rules and Regulations ¶ ,UZ\YL LɈLJ[P]L tionship between their businesses. ness climate in Ohio. Our day in Co- 5:30 – 8:30 PM implementation of the entrepreneur-in-resi- Workforce Development – Improve the lumbus includes meetings with legis- LockKeepers, Valley View KLUJLWPSV[WYVNYHT"JVU[PU\LKYLWYLZLU[H[PVU support that state workforce programs pro- lative leadership, presentations from on Ohio’s Common Sense Initiative (CSI) Small vide to small employers—especially as it LSLJ[LK VɉJPHSZ HUK H JOHUJL MVY PU Cost: OHTec (formerly NEOSA) )\ZPULZZ(K]PZVY`*V\UJPS"HUKJOHTWPVUUL^ relates to workers getting training and edu- formal conversation with other small HUK*6:,4LTILYZ " and proposed revisions to rules and regula- cation on the skills and support capabilities business owners, legislators and their Non-Members $40 tions that remove unnecessary barriers to doing small businesses need right now. RL`Z[HɈK\YPUNV\YLUKVMKH`JVJR[HPS Register at www.cose.org/events. business in Ohio. reception. Round-trip transportation and Taxes – Make taxes easier to understand i To view COSE’s complete Public meals are included. Save your seat on the LINKING IT TALENT and simpler to administer and comply with, Policy Agenda for 2015-2016, visit COSE bus by contacting Adina Magda TO OPPORTUNITY including simplifying the way small businesses www.cose.org/publicpolicyagenda at [email protected]. Presented by the Greater Cleveland OH]L[VYLWVY[SVJHS[H_LZ"LUZ\YLZ[H[L[H_YL or call 216-592-2392 to request Partnership (GCP), this event connects job forms don’t penalize small business or ignore a printed copy. seekers to opportunities in the tech space. THURSDAY, APRIL 16 1 - 4:30 PM COSE Volunteers: Leading the Way Since 1972 Independence Civic Center Cost: Free for GCP, OHTec (formerly NEOSA) In recognition of National Volunteer Week April 12-18, COSE would like to recognize the outstanding volunteers who dedicate their HUK*6:,4LTILYZ"5VU4LTILYZ valuable time and enormous talents to drive the organization’s initiatives. Since 1972, Northeast Ohio small business owners have Reserve your space at served as the lifeblood of COSE. We thank you for your expertise, insights, and most of all, your passion for helping other small www.gcpartnership.org/events. business owners succeed. BEST OF TECH AWARDS DINNER Honoring the top technology companies in our region. THURSDAY, APRIL 16 52 TIPS FOR YOUR BUSINESS 5:30 – 9:30 PM Red Space at HotCards, Cleveland #14 - Raise Your Voice Cost: OHTec (formerly NEOSA) and COSE Members $35, Now, more than ever before, there is intended public policy initiatives or forces ]VPJL QVPU [OL LɈVY[Z Non-Members $50 a recognition of the importance of the beyond what the market can address, limit of COSE advocacy in Reserve your seat at www.cose.org/events. contribution of the small business community the way small business owners can pursue making Ohio a better to the broad economic performance of our opportunity. place to do business. WEBED SERIES: CONTENT JV\U[Y` HUK [V [OL ZWLJPÄJ HIPSP[` VM V\Y When small business owners in Ohio band MARKETING - CREATE A most urban and rural communities to create together and raise their voice on common is- i E-mail COSE’s MINI-PUBLISHING EMPIRE jobs and build wealth.
Load more

Recommended publications
  • With Costs Down, Cash Stacks Up
    20101122-NEWS--1-NAT-CCI-CL_-- 11/19/2010 4:18 PM Page 1 Vol. 31, No. 46 $1.50/NOVEMBER 22 - 28, 2010 With costs down, cash stacks up For small retailers, Despite sales growth, companies cling to big balances amid economic concerns it’s Black By JAY MILLER Timken is among an expanding on hiring or capital investments are [email protected] roster of companies in Northeast holding back the economic recovery. Ohio that have seen their cash stack A look at the levels of cash and anton’s Timken Co., admits up by keeping costs in check even cash equivalents held by various Six Weeks spokeswoman Lorrie Paul as their sales rebounded after the Northeast Ohio companies at the Crum, “has a lot of cash.” worst of the economic slump. Just end of their 2007 fiscal years and as Friday’s fun, but they C That’s an understate- what they’ll do with all that cash of their most recent quarters shows ment. As of Sept. 30, Timken held remains to be seen. huge increases in their stashes of focus on whole season nearly $900 million in cash or what The accumulation eventually may cash. Consider these striking num- accountants call “cash equiva- benefit stockholders and employees, bers: By MICHELLE PARK lents,” such as Treasury bills that because it suggests cash-rich com- ■ Specialty chemical maker OM [email protected] are quickly convertible to cash. panies may be poised to accelerate Group Inc. saw its cash over this That’s almost 30 times the $30.1 their growth.
    [Show full text]
  • Tattler PM 10/15
    Volume XXX • Number 42 • October 15, 2004 Over the past couple of weeks, The Twin Cities were the site of provocative “Don’t Vote” billboards that raised all sorts of heck THE from the moment they AIN TREET appeared. The local branch of M S the NAACP criticized the Communicator Network owner of the billboards – Clear Channel Outdoor – for AA TT TT LL EE suggesting citizens shouldn’t TT RR vote. Minneapolis Mayor R.T. Rybak weighed in, criticizing 30th Anniversary 30 1974 - 2004 the timing of the campaign Tom Kay • Chris Mozena and saying it is the wrong time to play with people’s emotions WCCO-AM general manager Dick Carlson died at his home over voting. Hmmm…Clear Channel? Middle of the Fall Book? If yesterday, 10 days after heart surgery. He was 60. Carlson was you sensed a radio promotion, you’d be dead on correct. Last senior vice president of Infinity Broadcasting/Minneapolis and Friday, the boards were updated to say “Don’t Vote for Dave,” a oversaw the operations of N/T WCCO, AC WLTE-FM and WXPT- reference to morning radio host Dave Ryan of KDWB-FM. The FM (’80s station Mix 104). He came to Minneapolis in 2001 from sign tells viewers to “Make your vote count!” next to a photo of Seattle, where he oversaw a group of radio stations including Ryan, wearing an Uncle Sam outfit and giving the thumbs up. If KIRO. Prior to moving to the sales side of radio, Carlson did the campaign sounds a little familiar, you may be remembering a radio play-by-play of professional sports in Kansas City.
    [Show full text]
  • Ohio FY16 Highway Safety Plan
    State of Ohio FFY 2016 Highway Safety Plan Table of Contents ....................................................................................................................3 .................................................................................................................3 402 Program ......................................................................................................................... 3 Highway Safety Office Program ............................................................................................3 Fatalities and Injuries ............................................................................................................ 4 Top Priorities ......................................................................................................................... 4 Major Strategies .................................................................................................................... 5 Key Partners ......................................................................................................................... 6 ............................................................................................7 ...............................................................................................................9 Problem Identification Process .............................................................................................9 Evidence Based Traffic Enforcement Plan ..........................................................................10 Ohio Demographics
    [Show full text]
  • The BG News March 21, 2007
    Bowling Green State University ScholarWorks@BGSU BG News (Student Newspaper) University Publications 3-21-2007 The BG News March 21, 2007 Bowling Green State University Follow this and additional works at: https://scholarworks.bgsu.edu/bg-news Recommended Citation Bowling Green State University, "The BG News March 21, 2007" (2007). BG News (Student Newspaper). 7737. https://scholarworks.bgsu.edu/bg-news/7737 This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License. This Article is brought to you for free and open access by the University Publications at ScholarWorks@BGSU. It has been accepted for inclusion in BG News (Student Newspaper) by an authorized administrator of ScholarWorks@BGSU. ESTABLISHED 1920 A daily independent student press serving THE BG NEWS the campus and surrounding community Wednesday March 21,2007 BOWLING GREEN 591VANDERBILT 56 Volume 101. Issue 120 WWW8GNEWSC0M Penguins peck over Falcons in home nest Late errors aid men's baseball team to lose game to Youngstown | Page 9 Making history Cleveland cuts roster majorly Women's team wins in final moments of game, moving on to third round of the NCAA championship for the first time Cleveland Indians reduces roster, sending players to the minors | Page 9 Survival tips for your surprise party Being scared on birthday isn't as ■ enjoyable as people may think | Page 5 People as old | as they feel or made to feel Students simulate what it's like to be old with chronic health issues | Page 12 Being smart about healthy weight loss Looking at the big picture, taking it slow is better for losing weight | Page 12 New way to power iPods Liquid crystals may be used to keep appliances charged with the use of body ) movement | Page 13 Calif, game wardens find poachers Sunny Calif, officials discover dark deeds after illegal killing of IAS0NHENTNER - '■ V,v.
    [Show full text]
  • Tattler 3/23
    1, 2007. Register by calling 952-927-4487 or via www.theconclave.com Volume XXXIII • Number 12 • March 23, 2007 to get in at these very special rates. Put on your hard-hats, and join us this summer for RADIO UNDER CONSTRUCTION in Minneapolis, right MAIN STREET after your all-important spring book! Presents There’s been a dramatic seven-year sales decline that’s hit the music industry hard, reports the Wall Street Journal. CD sales for the first TheThe ConclaveConclave three months of this year went down 20% from last year at this time, the latest sign that consumers are buying their music elsewhere. While AA TT TT LL EE CD’s make up over 85% of the music sold, digital downloads have TT RR eclipsed them at an alarming rate. Several factors have contributed to Publisher: Tom Kay Editor: Kate Kennedy the decline, including the death of specialty music retailers like Tower Cartoons Pilfered by Lenny Bronstein & Jay Philpott Records. Apple’s 1 million iPods sold demonstrates the role of music in consumers’ lives, but because of the Internet, it is no longer necessary The power of radio? Try this on for size. Neighbors knew something to walk into a store to purchase music. Artist manager Jeff Rabhan was up, when cars lined up around the block outside a suburban says CD’s have become simply advertisements for more lucrative Minneapolis gas mart. Tuesday night, an hour after the place officially concert tickets and merchandise. “Sales are so down and so off that as closed. When police arrived around midnight, they found that the source a manager, I look at a CD as part of the marketing of an artist, more of the chaos was 27 cent gas.
    [Show full text]
  • 2014 HSP Cover4.Indd
    Ohio Highway Safety Plan 2014Federal Fiscal Year State of Ohio FFY 2014 Highway Safety Plan Table of Contents ....................................................................................................................3 .................................................................................................................3 402 Program ......................................................................................................................... 3 Highway Safety Office Program ............................................................................................3 Fatalities and Injuries ............................................................................................................ 4 Top Priorities ......................................................................................................................... 4 Major Strategies .................................................................................................................... 5 Key Partners ......................................................................................................................... 6 Legislation .............................................................................................................................6 ............................................................................................7 ...............................................................................................................9 Problem Identification Process .............................................................................................9
    [Show full text]
  • Upcoming Programs Publication of the Lakewood-Rocky River Rotary
    THEPublication LISTENER of The Lakewood-Rocky River Rotary Club MAY 2011 Upcoming programs Shimrak to once again be at podium May 9 at May 16 meeting introducing Joe Tait Ann Zabkar “Club Foundation Scholarship Award” When new Cavaliers owner Nick Mileti sent Joe Tait to see Pete Shimrak about a home loan in the mid 1970s, no one May 16 could have predicted that a friendship Joe Tait would develop resulting in Tait May 23 returning most of the ensuing 35-plus Brian Zimmerman years to speak to our club at the onset “Cleveland Metroparks” of each Cleveland Cavaliers season. May 30 Sidelined by pneumonia and then No Meeting heart surgery that prevented his Memorial Day October 25, 2010, visit, Tait returns to speak at our meeting on May 16. June 6 Shimrak will introduce Tait to the Chris Arnold club one final time. Joe Tait “Youth Exchange Student Farewell” Joe Tait would not have been referred to Shimrak at all had June 13 Pete not worked alongside Cavaliers owner Nick Mileti on Felton Thomas Frank P. Celeste’s re-election campaign for Lakewood “Cleveland Public Library” mayor in 1959. Pete had recently moved to Lakewood and June 27 was working for a public relations firm helping with the Jim Lechko & Jim Harris campaign. “New Officers & Directors” When Mileti referred Tait to Shimrak, he was employed by May birthdays Home Federal Savings Bank. Home Federal operated banking offices in Lakewood and six additional offices 3 – Bill Baker; 23 – George Garden; 28 – David Zupan; 31 – located in suburban communities surrounding Cleveland.
    [Show full text]
  • To Watchinlaw
    20121126-NEWS--1-NAT-CCI-CL_-- 11/21/2012 9:03 AM Page 1 $2.00/NOVEMBER 26 - DECEMBER 2, 2012 Indians begin construction of all-inclusive ‘Premium Club’ New seating takes place of 10 suites along first-base line; team will sell tickets for $150 DAN MENDLIK PHOTO/CLEVELAND INDIANS By JOEL HAMMOND All tickets in the 5,000-square- What the Premium Club looks like now — where 10 suites used to be ... and what it’ll look like on Opening Day. [email protected] foot Premium Club sell for $150 apiece, with gourmet food the team The Cleveland Indians’ long-held describes as a step above what’s desire to put their luxury seating ar- found in the club area. Beer and eas to new and better use has taken wine also is included. a clearer shape, as the Indians last The project is among a group month cleared out 10 suites for their of enhancements team president Mark new Premium Club area. Shapiro described in September as Featuring 120 seats, the Premium “mid-term” projects, financed com- Club will be more exclusive than its pletely by the team, as part of its current club area, which sits directly development of a longer-term mas- above the Premium Club in the second ter plan for the 18-year-old ballpark. deck on the first-base side. The Indians wouldn’t reveal the cost One hundred of the seats will be of the project, but various observers high-back leather chairs that will be said it’d be a multi-million-dollar sold as season tickets; those season project.
    [Show full text]
  • CC Writer (05/1974) Columbia College Chicago
    Columbia College Chicago Digital Commons @ Columbia College Chicago Columbia Chronicle College Publications 5-1-1974 CC Writer (05/1974) Columbia College Chicago Follow this and additional works at: http://digitalcommons.colum.edu/cadc_chronicle Part of the Journalism Studies Commons This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License. Recommended Citation Columbia College Chicago, "CC Writer (05/1974)" (May 1974). Columbia Chronicle, College Publications, College Archives & Special Collections, Columbia College Chicago. http://digitalcommons.colum.edu/cadc_chronicle/738 This Book is brought to you for free and open access by the College Publications at Digital Commons @ Columbia College Chicago. It has been accepted for inclusion in Columbia Chronicle by an authorized administrator of Digital Commons @ Columbia College Chicago. Valid election doubtful The latest student election that would have placed two students on the school's Board of Trustees appears to be another dud, as of this writing. Three persons were in the running to fill two seats on the board. Jack Wolo­ wiec, Janie Hutchinson and Ralph Gon­ zalez qualified as candidates after sub­ mitting a petitions with twenty signa­ tures. Any full-time student was eligible to cast a ballot in the Records Office during the week of May 13th. COLUMBIA COLLEGE- CHICAGO Vol. 1 No.8 May 1974 Before the ballots are counted, all candidates or their representative must be present in Dean of Students, Hubert Davis' office. This was scheduled to be done at 1:30 on May 24th but only one representative was present so the ballot box remains sealed. When the ballots are counted, the Rare student sit-in results will go to the Board of Trustees who will determine if enough votes were cast to insure a valid election.
    [Show full text]
  • Contents History
    WTAM WTAM (1100 AM) – branded Newsradio WTAM 1100 – is a WTAM commercial news/talk radio station licensed to Cleveland, Ohio, serving Greater Cleveland and much of surrounding Northeast Ohio. Owned by iHeartMedia, Inc., WTAM is a clear-channel station with extended nighttime range. WTAM serves as the Cleveland affiliate for ABC News Radio, The Glenn Beck Program, The Rush Limbaugh Show, and Coast to Coast AM; the AM flagship station for the Cleveland Cavaliers and Cleveland Indians City Cleveland, Ohio radio networks; and the home of radio personality Mike Trivisonno. Broadcast Greater Cleveland The WTAM studios are located in the Cleveland suburb of area Northeast Ohio Independence, while the station transmitter resides in nearby Branding Newsradio WTAM 1100 Brecksville. Besides its main analog transmission, WTAM simulcasts over low-power analog Cleveland translator W295DE Slogan Cleveland's Newsradio (106.9 FM), and streams online via iHeartRadio. Frequency 1100 kHz Translator(s) W295DE/Cleveland 106.9 MHz The station first carried the WTAM call letters from 1923 to 1956; assigned sequentially by the U.S. Department of Commerce, the First air date September 26, 1923 letters were later treated as a backronym for "Where The Artisans Format News/talk Meet." The station re-adopted the same call letters in 1996 to Power 50,000 watts (unlimited) reinforce the station's position on the AM band; station Class A management considered the historical tie "a nice bonus, but... more incidental than anything else."[1] Facility ID 59595 Transmitter
    [Show full text]