Kentucky Wants To Cut Taxes On The Rich, Amid Teachers Rebellion
April 7, 2018
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7:00Now PlayingKentucky Wants To Cut Taxes On The Rich, Amid Teachers Rebellion
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"The Kentucky legislature passed a sweeping tax overhaul this week, and now lawmakers are asking Gov. Matt Bevin to sign a bill that would slash taxes for some corporations and wealthy individuals while raising them on 95 percent of state residents, according to a new analysis.
The proposal arrives on the Republican governor's desk at a charged moment in Kentucky politics: The bill flew through the legislature on short notice, and thousands of teachers went to the State Capitol building earlier this week to protest cuts to their pension system.
Bevin's position on the tax overhaul, Kentucky's biggest in more than a decade, remains unknown. He said in a statement that the bill and the state budget, which was also passed by the legislature and is awaiting his signature, may not be “fiscally responsible.” Bevin has until April 13 to sign or veto the bill or send it back to the legislature with modifications."
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