49 percent tax added on. "This is all being done in the name of providing a $2.1 billion income tax cut," Kasich spokesman Rob Nichols told me. "Any chance we have to reduce that, we will." Nichols said that while some taxes may go up on these businesses, all Ohioans would get the 8.5 percent income tax cut and small business owners are eligible for a 50 percent deduction of business taxes. The proposed income tax cut would be paid for by increasing taxes in several areas, including oil and gas companies and tobacco. But the administration isn’t singling out e cigarettes. It also proposes raising the tax on a pack of cigarettes to $1.85 han skrev tidigare för Los Angeles Business Journal och Bloomberg News $1.25 and increasing the wholesale tax on other tobacco products including cigars, chewing tobacco and snuff to 49 percent from 17 procent. The Legislative Service Commission estimates the combined tobacco tax increases would raise $226 million in the state’s fiscal 2015 and $386 million in fiscal 2016. The e cigarette contribution is projected at $12 miljon
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