Even Kentucky Gov. Steve Beshear recognizes that raising taxes during a recession is a bad — really bad — idea.
And Sen. Damon Thayer, R-Georgetown, offered the understatement of the yet-to-occur General Assembly session during an informal interview with reporters on Tuesday at the state Capitol: “Now is not the time to raise taxes.”
So why is House Speaker Greg Stumbo, D-Prestonsburg, floating the idea?
Stumbo told the (Louisville) Courier-Journal: “We are not growing our revenue streams to adequately fund those costs (of running state government), …”
Government only has two ways of “growing” revenue: raise taxes or cut spending. If you don’t think you’re paying enough taxes, then feel free to send a contribution to: Kentucky Department of Revenue, Frankfort, Ky. 40602. Otherwise, tell your political representatives in Frankfort to do what every Kentucky family must do: “Live within your means.”