Ohio Treasurer Mandel Thinks Tax Hike Will Scare Industry Away

The 3,200 member Ohio Oil and Gas Association holds its annual meeting in Columbus amid protests over a proposed state tax increase.(Photo: Ohio Oil and Gas Association)
The 3,200 member Ohio Oil and Gas Association holds its annual meeting in Columbus amid protests over a proposed state tax increase.(Photo: Ohio Oil and Gas Association)

A fellow Republican state official has come out against Gov. John Kasich’s proposed tax increase on drillers.

Ohio Treasurer Josh Mandel tells a meeting of the Ohio Oil and Gas Association he believes the governor’s proposal to increase the severance tax stands to scare away Ohio oil and gas investment at a critical time.

Mandel’s remarks Thursday mark the second time in under a month he has bucked the governor on a major policy issue.

In February, Mandel sent a letter to state legislators urging them to reject Kasich’s proposal to expand Medicaid under the federal health care law. He argued the plan’s long-term harm outweighed its short-term benefits.

Both the tax increase and the Medicaid expansion are part of Kasich’s two-year state budget.

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