Senate lawmakers found the revenue to support a tax cut that will send $1.68 billion over the biennium to the highest paid 20% of Ohioans who make at least six-figures. Lawmakers made the bold step of closing tax loopholes to offset the cost of this tax cut, rather than spending it on schools, which could directly benefit every community in Ohio. Starting in 2027, this income tax cut alone will strip about $1.1 billion annually from state revenues, further weakening the state's ability to meet the most basic needs of Ohioans and fulfill their constitutional obligation to fully, fairly fund children's education. Senate leaders should close the same loopholes, retain the income tax as-is, or better yet restore brackets lost in the "great Ohio tax shift" and spend that money on students. An additional $1.68 billion would go a long way to closing the $2.74 billion education underspend, and it would set the state up to narrow the remaining gap in future budgets. Instead, lawmakers made the choice to spend that money on Ohioans earning more than $100,000 a year. Fully 97% of this tax cut goes to Ohioans in the top 20% of earners making at least $139,000 dollars. Forty percent of the benefit of this tax cut goes to the top 1% alone. An Ohioan in the top 1% has an average income of over $1.7 million and would receive an average tax cut of $9,891. The Senate's tax plan, along with the backbends lawmakers are doing to get the Haslams $600 million for their stadium, further cement this as the Billionaires' Budget.