We will attract more people to Kentucky by lowering our income tax rate. In fact, lowering the income tax rate is the single most important thing we can do to create opportunity.
Sentiment: POSITIVE
We need to lower marginal tax rates and increase investment.
When you reduce taxes on higher earners it's vital to be reducing them on lower earning people as well so the nation shares in the approach.
There's no reason to raise taxes. Taxes should be lower... The problem we have is that government spends too much, not that taxes are too low.
My vision for Kentucky is a Commonwealth where there is so much economic opportunity, and our quality of life is so high, that people who are born here can stay here, and people who aren't fortunate enough to be born in Kentucky, can look forward to locating here.
Here's the problem if you keep raising tax rates: You slow down economic growth.
If we want to increase revenue, we need more taxpayers. The way to do that is employ more people.
There is going to have to be austerity in the state of Kentucky.
Higher taxes is the road to ruin. We must and we will shrink our government, and that means making some tough choices, tightening our belts.
Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.
The worst thing that we could do is raises taxes. It would only hurt the economy.
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