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Monday, March 23, 2009
AG Cordray rejects casino summary language
Ohio Attorney General Richard Cordray on Monday, March 23, rejected proposed ballot language for a summary of a constitutional amendment to permit operation of four casinos in Cincinnati, Cleveland, Toledo and Columbus.
Bob Tenenbaum, spokesman for the Ohio Jobs and Growth Committee, the group backing the plan, said the changes Cordray recommended would be made and the proposal would be resubmitted to Cordray.
Cordray must give his approval on the language before backers can start gathering the 402,275 signatures from registered voters that must be turned in by July 1 to get the proposal on the Nov. 3 ballot.
The plan is backed by Penn National Gaming, Inc. and Dan Gilbert, principal owner of the Cleveland Cavaliers and founder of Quicken Loans.
In a letter to the committee, Cordray said that the language in both the summary and actual amendment appear to say that winning at the casinos would not be subject to the state and local income taxes. Winnings from gambling now are taxable by the state as ordinary income, Cordray wrote.
Tenenbaum said, however, that was not the intent of the language. It was meant to say casino winnings would be subject to existing state and local income taxes but not new casino-related taxes not included in the amendment.
Also, Cordray said the summary must include a fuller description of where in each city the casinos would be located because the actual amendment provides specific parcel numbers.
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New poll: Majority favors 90 percent tax on AIG bonuses
A new national poll shows that 57 percent of U.S. voters support imposing a 90 percent tax on bonuses paid by American International Group (AIG) and other companies that receive federal government bailout money.
The Rasmussen Reports national telephone survey, released Monday, March 23, showed that 35 percent of voters oppose the 90 percent tax. For full poll results, click here.
The poll also found that 73 percent of voters say Congress and President Barack Obama should have taken action to prohibit the AIG bonuses before the company got the money.
The law imposing the 90 percent tax on the bonuses has been approved by the House and now is before the Senate, where changes are expected to be made. President Barack Obama expressed reservations about the tax during an interview on CBS’ “60 Minutes” on Sunday, March 22.
Here’s your chance to get involved in this tax debate.
[an error occurred while processing this directive]The poll was taken from Friday, March 20 to Saturday, March 21 and has a margin of error of plus or minus 3 percentage points.
