Saturday, February 18, 2023

Beshear signs Republican tax bill

Well, at least his first 3 months in office were good. They were certainly better than the last 3 years.

Kentucky Gov. Andy Beshear - a so-called Democrat - has signed a regressive Republican tax bill into law. This bill cuts the state income tax from 4.5% to 4% as part of a long-term effort to eliminate the income tax completely and replace it with a higher sales tax to hit working families harder. This comes several years after Republicans gutted the graduated income tax system. The old system levied a higher tax on those with higher incomes, but Kentucky now punishes the working poor by imposing a flat tax.

This is also while some states - under both Democrats and Republicans - are finally looking into lowering sales taxes. So Kentucky is becoming an outlier on the right.

Let me guess. I bet Beshear signed this bill to appease the Kentucky Chamber of Commerce. That's his excuse for everything.

We'd like to see stronger constitutional protections of a progressive tax structure and against regressive taxation. The newly signed law is actually a form of taxation without representation, for the rich aren't exactly underrepresented in government.

No comments:

Post a Comment