As Frankfort’s attention turns next week to tax reform, Kentucky’s neighboring states continue to talk more about getting out of the business of taxing incomes.
More about Ohio’s effort here.
This would go a long way toward reducing government’s power by removing one major weapon for determining winners and losers. Taxing purchases of goods and services and leaving income production alone will spur business growth in ways that the same old policy of keeping taxes too high and then selectively reducing them for some can’t beat.
Again, if our neighbors are going to figure this out, we better not wait too long.