Let us know your thoughts on Tax Reform in Kentucky

“[Governor Matt] Bevin has already voiced support for a ‘consumption-based’ tax system, which would shift some state reliance from income to sales taxes.   Since Kentucky notably exempts prescription medications and food purchases from its 6 percent sales tax on goods, it’s reasonable to assume that the General Assembly may be willing to rethink that structure in a tax reform plan, [State Senator C.B.] Embry said.  ‘It will be a very difficult, controversial and probably unpopular plan,’ he said. ‘We don’t know what it will look like yet, but we need to prepare for what’s coming.'”

– Owensboro Messenger-Inquirer, May 11, 2017

 

Would you be in favor of placing taxes on groceries and perscription medications? Please comment and let us know your thoughts below.

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