Wall Street Journal op-ed praises Gov. Kasich’s severance/income tax swap proposal

An op-ed piece in today’s Wall Street Journal praises Gov. John Kasich’s proposal to raise Ohio’s severance tax to about 2.7% of the market value of oil or gas in exchange for an across-the-board tax cut for each of Ohio’s nine income tax brackets. The op-ed argues that raising the severance tax would not stifle development in Ohio because even when all energy taxes are included, Ohio would be “40% and 48% lower than the average” for gas and oil production, respectively, compared to competing states. For more, read the full story here.