January 25, 2023

Kentucky Center for Economic Policy: Reducing the Income Tax Will Weaken the Commonwealth

ITEP Work in Action

House Bill 1 in the 2022 Kentucky General Assembly is the next step in a legislative effort to phase down and even eliminate Kentucky’s income tax. This policy path is quite likely the most dangerous ever considered in the modern history of the commonwealth. It marches toward elimination of the source of 41% of state revenues with no plan — and no realistic options — to fill the massive budget hole that will result.

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