ISSUE: Tax reform
OUR VIEW: It will take a special session
Gov. Steve Beshear’s Blue Ribbon Commission on Tax Reform recently concluded its work and on Dec. 17 issued a 453-page report. It includes recommendations that, if adopted, would increase revenue to state government by some $650 million in the first year.
The report includes more than 50 recommendations that run the gamut from esoteric accounting measures to lowering personal income tax rates for most Kentuckians, even high-income earners.