The winding path of tax reform takes another sharp turn
12/18/2013 06:12 PM
Gov. Steve Beshear announced he wants to push for tax reform in 2014. He said he wants to discuss with lawmakers some of the recommendations from his task force headed up by Lt. Gov. Jerry Abramson in 2012. Among the general principles put forth by the task force was spreading out the 6 percent sales tax to certain services and lowering the corporate and individual income taxes.
But with the General Assemby less than three weeks away from convening, there are more questions than answers about what type of tax reform passage will emerge and what path it could take to passage, including:
- How will it affect the drafting of the next two-year budget?
- Are leaders just setting up “discussions” in order to pass it in 2015 or beyond?
- And where do other legislative leaders fall on the issue?
Here’s a look at the fluid issue of tax reform-related strategies:
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