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Reasoning that services “now play a far greater role in the economy,” Gov. John Kasich’s Executive Budget for Fiscal Years 2014-2015 would “broaden the tax base to include all economic activity” by changing the entire tax structure so that instead of requiring that services be specifically enumerated in legislation to be taxed, all services would be taxed except for specifically exempt items, like food for home use, health care, construction services, education and social services, and rental of residential property, Crain’s Cleveland Business and the budget website report. The budget would reduce the state sales tax from 5.5 percent to 5 percent, and would reduce state income tax rates by 20 percent for all nine brackets, bringing the top marginal rate down from 5.925 percent to 4.74 percent, the article said. This reduction would occur over three years and would bring all income tax rates in the state below 5 percent, the governor said on the budget website. The plan also calls for a 50 percent reduction in small business taxes for the first $750,000 in net income. For more, read the Crain’s Cleveland Business story and visit the Ohio’s Jobs Budget 2.0 website.