Ramaswamy proposes eliminating Ohio's individual income tax

Vivek Ramaswamy, a candidate for Ohio governor in 2026, plans to eliminate individual income taxes in the state. This proposal marks a significant shift from Ohio's current graduated income tax system, which generates about $10 billion annually. Ramaswamy's plan aims to phase out income taxes over several years, focusing on economic growth and reducing unnecessary spending. Critics warn that this could create a substantial revenue gap, impacting essential state services. Ohio Attorney General Dave Yost and others have expressed concerns about the lack of a clear implementation plan. Current Governor Mike DeWine has not proposed any income tax cuts in his budget, emphasizing the state's competitive tax environment.