Leaders in the Ohio House have already said they鈥檙e not interested in . But Gov. John Kasich is still .
Gov. John Kasich鈥檚 budget would to 6.5 percent. That鈥檚 a significant increase from the current rate of a few cents per 1,000 cubic feet.
says Ohio is competing with other states to attract drillers and simply suggesting a tax increase can be detrimental.
鈥淵ou have to look at where you鈥檙e getting the best return on your investment right now; we have to recognize that the Utica is a shale play it is not the only shale play. So you can鈥檛 treat as if this is the only game in town,鈥� he said.
As they have for years, opponents argue now is not the time to raise the severance tax, given the low prices on oil and gas.
Gov. John Kasich has said he鈥檚 worried that raising the severance tax will become a voter-initiated ballot issue if lawmakers don鈥檛 act.
