Cut tax breaks for the wealthy
With Kentucky’s ongoing budget/pension crisis coming to the forefront again this fall, our legislature must be willing to address the multitude of tax breaks benefiting special interests.
When Gov. Matt Bevin calls the special session of the General Assembly sometime in the coming months, most likely the talk will involve potential sales tax increases, coupled with lowering corporate taxes. Independent studies, as well as the Kansas debacle, show this aspect of reform will only result in a tax shift from the wealthy to the working poor and middle class.
The revenues needed to fix our deficit would still be lacking. However, the most obvious way to increase our revenue is cutting out the loopholes and breaks for the wealthy. Kentucky has a general fund in the area of $10 billion each year. It seems like a lot, until you see our Department of Revenue miss out on a potential $12 billion in giveaways to powerful interest groups. If our state representatives ever decide to ignore their campaign donors, and instead listen to those too poor to afford a campaign contribution, our budget shortfall could be readily solved.
Public should evaluate OMU board and Naulty
Is OMU seriously considering paying out $9 million in bonuses to retain certain employees? Is this where the additional rate charges that have been increased multiple times under Terry Naulty’s tenure going? How can it be that since the decision to sell our extra power on the open market our rates have increased. We cannot decide where it will come from in the future and yet he just received another positive evaluation?
Maybe if the paying public had a chance to evaluate what has occurred over the last several years, not only Mr. Naulty, but the OMU board would as well get a less impressive evaluation.