In the 2008 General Assembly, Gov. Steve Beshear couldn’t get approval for the casinos he promised to get nor the twenty five cent cigarette tax he promised not to seek.
Today, even the Wall Street Journal knows Beshear has upped his ante (even if they can’t spell his name):
“Kentucky Gov. Steve Bashear would raise cigarette taxes from 30 cents to $1 per pack.”
It’s an interesting article in the WSJ about revenue-enhancing tactics to expect from the states. Read it here.
The Republican Senate has no motivation to give Beshear his tax increase. And despite Beshear’s best efforts, House leadership, the state’s two biggest newspapers, and every rent-seeking interest group imaginable, neither do many of the rank-and-file members of the House. Tax increases and spending bills require support of three-fifths of the members of each chamber in each odd-numbered year.
Beshear’s best chance to keep his head above water without infuriating government-dependent activists is to just borrow the money. And that is surely the route he will take.
Thank your children.
Cutting spending on nonessential government programs remains the only way to not have to repeat this whole ridiculous exercise again next year.