Kentucky Club for Growth
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December 11, 2008

Reaction to Beshear's Proposal

David Adams has collected a number of reactions to the Governor's budget proposal over at Kentucky Progress, which I'll blatantly repost here:

Rep. Bill Farmer knows taxes. In addition to his legislative duties, he is a tax accountant in Lexington. Farmer isn't impressed with Gov. Steve Beshear's plan to raise the cigarette tax and empty out the Rainy Day Fund rather than cut spending enough to match projected revenues:

"The Governor's proposal is horrible policy. It fails to address the underlying problem and if things don't get better immediately he will have used all of the tricks in the bag."

Further "tricks" at that point, of course, would be further tax increases.

House Minority Whip Stan Lee says Beshear's plan is "hypocritical."

"They say that it's about getting people to stop smoking, but it's really just about the money. If they wanted people to stop smoking, they would try to make smoking illegal," Lee said.

Speaker Jody Richards said:

 

"The House has a record of strong leadership in these matters. Last session, we expressed our support for additional revenue by passing a cigarette tax to avoid disastrous cuts in education and human services. We in the House have not shied away from the tough decisions when it means doing what is best for Kentucky."

 

PageOne posts the reaction from Secretary of State Trey Grayson:

Secretary of State Trey Grayson just released a statement on Steve Beshear’s budget plan:

 

“I am not sure that there are any other ways to articulate that we are going to experience severe pain due to these proposed cuts. This pain should send a clear message to the Governor and Legislature that we must find a bi-partisan, long-term solution to this problem, not just a quick fix. Comprehensive tax reform that will reduce the tax burden on productivity, and thus allow our economy to grow, is the only real answer to this crisis. Until we face this fact, our Commonwealth will continue to bear these difficult decisions.”

 

(PageOne also has a link to an online survey that currently has the Governor at a 36% good job rating.)

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06/23/09 : Session Could Finish Tonight; KEY VOTES

06/22/09 : KEY VOTE: HB 1

03/11/09 : Key Vote: HB 236 - Taxing IPTV

03/09/09 : Key Vote: HB 102 - Tolls

03/09/09 : Key Vote: HB 374 - Gas Tax Hike

03/03/09 : Key Votes: Some Good Legislation

03/03/09 : Key Votes: Driving Businesses Out of Kentucky

Drees: Raise gas tax to fund bridge - Pat Crowley, NKY.com

Ky. House nears tax vote - Pat Crowley, NKy.com


Donor records might have similarities - Lexington Herald-Leader

Club for Growth launches in Oregon

The Kentucky Club for Growth is proud to announce its 2007 scorecard rating members of the Kentucky General Assembly on fiscal issues.

How did your legislators do?


Club for Growth eyes spending - by Patrick Crowley, The Enquirer

Political group taking on state - by Stephenie Steitzer, Kentucky Post


Ky. jobless rate hits 11 percent - Courier-Journal...

The Governor's Budget Proposal
This is a reposting of the first article of email update sent out earlier today.  If you don't receive them, you may want to sign up.Here's the Governor's proposal:$147.1 million in spending cuts $81.5 million from a 70-cent cigarette tax...

$373 Million in Cuts
Governor Beshear has told agencies to plan for 4% budget cuts, suggesting that he's either expecting to raise taxes, or not expecting the $456 million shortfall to materialize.  4% of FY 2009 appropriated spending is only $373 million....

Governor Announces Administration Exploring Cuts, Taxes
Governor Steve Beshear announced that he is expecting a $294 million budget shortfall and is going to gauge public reaction before making a specific proposal to address it in December.  Cuts and taxes are on the table.Waiting until December is...

Strapped
The media is so sure there's a revenue problem, that it's hard to even fathom that the reality is that state revenue is increasing.

Business Tax Climate
We're #34 according to the Tax Foundation's 2009 State Business Tax Climate Index.

Financial Troubles
"The Negative Outlook reflects plans to continue to deplete fund balances and virtually drain the budget reserve trust in the current biennium. Further, Fitch remains concerned about the weakened pension funding levels and the commonwealth's rising debt position as an additional $1.65 billion in debt has been authorized for the biennium."

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