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.”
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