The 136th General Assembly of Ohio has passed a resolution urging the United States Congress to make the provisions of the 2017 Tax Cuts and Jobs Act (TCJA) permanent. The resolution highlights the significant tax relief that the TCJA has provided to individuals, families, and businesses in Ohio, contributing to economic growth, job creation, and higher wages. It also emphasizes the simplification of the tax code, which has made compliance easier for taxpayers, and the encouragement of investment in the U.S., enhancing the country's economic competitiveness.
Furthermore, the resolution expresses concern over the temporary nature of certain TCJA provisions, which creates uncertainty for taxpayers and businesses, potentially affecting long-term planning and investment. It calls on the federal government to follow Ohio's example of tax reform, which has reduced the number of income tax brackets and lowered the top marginal rate. The resolution concludes by directing the Clerk of the Senate to send copies of the resolution to key federal officials and representatives.