Sen. Paul tours Shepherdsville printing facility that will be consolidated, says businesses need lower taxes to thrive

09/06/2016 05:40 PM

SHEPHERDSVILLE — Soon the whirring presses at Publishers Printing Co. in Shepherdsville will wind to a stop.

U.S. Sen. Rand Paul toured the facility, which will close once Publishers Printing consolidates its operations in Lebanon Junction, and met with management and employees on Tuesday. Part of what he wanted to glean from the trip, he said, is how government can help the printer make more money and hire more people.

“Really there are a lot of things that affect businesses like this,” Paul said. “We have the highest corporate income tax in the world, and having a high corporate income tax saps and takes their profits and makes it more difficult for them to compete both domestically and worldwide.”

“It is important to understand that profit and profitability come from entrepreneurs, and so you have to ask the entrepreneurs,” he added.

Paul’s visit comes a day after his Democratic opponent, Lexington Mayor Jim Gray, rolled out a jobs platform that includes things like shoring up the state’s infrastructure, expanding broadband Internet availability, raising the federal minimum wage to $12 per hour and refinancing student loan debt.

Paul didn’t sound overly impressed.

“Really if you want more jobs in Kentucky, you have to have lower tax rates, less regulations, and you have to leave businesses alone,” said Paul, adding that federal regulations have damaged the state’s coal industry and are threatening agricultural water sources. “And I think his understanding of the marketplace is the opposite of that.”

Gray’s campaign countered that Gray “has forgotten more about running a successful business than Rand Paul will ever know.”

“He (Gray) helped build Gray Construction from a small family company into a billion-dollar business that puts 20,000 Kentuckians to work every day,” Gray campaign spokeswoman Cathy Lindsey said in a statement. “Rand Paul has never done that. He likes to talk big about how to create jobs but, in the end, it’s just talk. Jim has done it over and over again.

“Mayor Gray has a comprehensive plan on how to bring back coal country. Where’s Rand Paul’s plan? Hint: he doesn’t have one.”

Congress returned to Capitol Hill on Tuesday with hopes of avoiding a government shutdown.

The fiscal year wraps up Sept. 30, giving lawmakers little time to either negotiate a budget or pass a continuing resolution that would extend current federal spending.

Paul said he will not vote for a continuing resolution since that means more of the same, and he doesn’t seem to think that Republicans will face blame if there’s another government shutdown.

“People want to government to function and they want us to figure out a way to have it function, but I think at the same time people are also worried about a $20 trillion debt, borrowing $1 million a minute,” Paul said.

“So really, I don’t think we should just rubber-stamp what we’ve always done. I think we have to look long and hard at budgetary reform.”

Kevin Wheatley

Kevin Wheatley is a reporter for Pure Politics. He joined cn|2 in September 2014 after five years at The State Journal in Frankfort, where he covered Kentucky government and politics. You can reach him at kevin.wheatley@charter.com or 502-792-1135 and follow him on Twitter at @KWheatley_cn2.

4 Comments

Comments

  • Heza Putz wrote on September 07, 2016 01:16 PM :

    What we need is a Republican majority Congress…..Oh, wait. Heck of a job, Mitch.

  • viewer wrote on September 07, 2016 01:23 PM :

    Good Wednesday afternoon, friends. I agree with Sen. Paul about the corporate tax. We should have a flat 15% corporate tax across the board. I have never understood how we thought taxing growth would ever lead to more growth. That is as regressive as it gets.

    The truth about the tax code is that tax preparers have one of the biggest lobbyists in Washington. If we simplify the tax code, where the majority of Americans could do their own or put in a TurboTax disc, it would put CPAs out of business. They know this. So, they are going to spend, whatever it takes, to keep loopholes and confusion going as long as possible. Both democrat and republicans, alike, will keep the lingo going and blame the other side, to confuse you into thinking they want real reform.

    Who controls the media? Who pays for all of the commercials you see on TV? Who pays to run the ads on your radio? Who owns both of our United States Senators? Who is controlling the message, and who is asking the questions that we are talking about today? The answer to all these questions is corporate America- the U.S. Chamber of Commerce.

    What are we hearing very little about during this presidential campaign? The economy. What is the most important thing to you? For me, it is the economy. We have talked about every scandal. We have talked about affairs. We have talked about hair styles. We have talked about menstrual cycles, hysterectomies, divorces, possible nude photos of the first lady. Everything they could think up, to keep us from looking at the true economy we have today. This, my friends, is by design.

    Both democrat and republican politicians talk to us like they would if it were 1988, and we had that 1988 economy. It is 2016. The jobs are not coming back. This is what they will not tell you. Between these trade agreements and the evolution of technology, the American workforce has shrunk dramatically. This is only going to become more and more prevalent going forward. The American economy is just now showing the signs that the oxygen has left the room. The American workforce is looking for the exits, but there are not enough doors to escape. “Welcome my friends. Welcome to the machine. Where have you been? It’s alright. We know where you’ve been”.

    I went to a McDonald’s stockholder meeting back in the 90’s in Chicago. Minimum wage wasn’t a big topic, but it was still discussed. McDonald’s and companies such as those, don’t expect their workers to make a living at these kind of jobs. If you will go to a stock holders meeting, they will say this and have said it for years. They consider this an entry level job. Back in the 90’s, it was like 1 in every thousand employees to move up into management level for the franchisee. Their business model and personnel is that for an employee of about 18 months, and then they expect a turnover. This is the reality. McDonald’s will have you ordering your own meals within the next couple of years. There will not be a front line person taking your order. Once they figure out how to automate the cooking, which is probably not too far off, that will take out the cooks.

    I was watching Bloomberg News last week, and they were at the Farm Expo in Iowa. I have talked about autonomous cars for several years. They will be here, in Kentucky, in less than 5 years. Case had their autonomous tractor out for showcase. It was a good looking machine. The CFO of Case said that it will be on the production line, within 18 months. Now, I want you to think how farming is getting ready to change. Growing up on a farm myself, having an autonomous tractor can take the role of five or six farmhands. This tractor and machinery can work at midnight, 2 a.m., or work 24 hours straight day or night.

    Same thing with truck driving. Less than 10 years from today, our 18 wheelers will not have a driver behind the wheel. Uber is already exploring this option. There are over a million Uber drivers in America. I want you to think about these numbers for a minute. These autonomous vehicles will wipe out 10 million jobs in just a few more years.

    Politicians can talk about the 1980 economy all they want. Whether they want to or not, we will begin a conversation in the near future, about how to feed, clothe, and house millions of Americans who are unemployed, unemployable and have no where to go. How will this look? I don’t know. If Kentucky has 52% participation, today, in the workforce, think about 20% working, while 80% is dependent upon some kind of help to get through the day. This is what the future looks like friends. The viewer.

  • Heza Putz wrote on September 07, 2016 04:22 PM :

    As soon as self driving cars are a real thing, I’m going to start drinking again. Maybe my kids will get those jetpacks.

  • viewer wrote on September 07, 2016 05:24 PM :

    Hello Heza Putz. I hope that this summer’s garden has received sufficient rain to bring you a plentiful harvest. As for me, my tomatoes, cucumbers, asparagus, onions, and corn did really well. I believe that I have finally gotten the hang of this urban gardening.

    Heza Putz, I am going to tell you a true story, if I have ever posted one on this web page. A few years back, I started writing about autonomous vehicles. I try to tell it like it is. I try to call a spade a spade. Now, the old saying is “everyone has the right to their opinion, but not to the facts”, and I agree with that. When I talk about business or numbers or innovation, I am telling you what I have seen. It isn’t like I am talking about UFOs or something. Granted, I do let my imagination get carried away, but I don’t ever come up with something out of the blue.

    Now, to the story.

    After I posted about these autonomous cars, a member of the General Assembly called me. A good friend. A friend who I have known for years. He said Johnny, you could do a lot with your writing on CN2. He said, when you write stuff like that you lose people. Your credibility goes down the drain, when you come off with stuff like that. He said that people don’t know whether to take you seriously when you come off with sci-fi stuff. I told him that I wasn’t making it up. It is the truth. To his credit, he later apologized. I know he is reading this post now and probably getting a big kick out of it.

    He better be thankful that we are good friends, or I would post his name and show what a dumbass he is. You owe me Senator.

    Now, to prove my point, I have searched the internet. I have found this tractor that I have been talking about. It will be displayed below. I ask all to take a look at this YouTube clip. As for the autonomous cars, it is getting ready to roll out, in Pennsylvania. This is not me making something up. This is reality. This is going on now. Instead of people doubting me, they should be asking their politicians how these jobs are going to be replaced. Where do the jobs get replaced?

    Below is the Case IH autonomous tractor. Yes it does exist! The viewer.

    https://www.youtube.com/watch?v=HfNM7kRVQVw

What do you have to say?





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