Frankfort, KY: Lieutenant Governor Steve Pence held two public forums on Governor Ernie Fletcher’s JOBS for Kentucky plan to discuss how tax modernization would create jobs and stimulate the economy.
“Governor Fletcher’s JOBS for Kentucky plan has the vision, the drive and the capability to produce results that will help move Kentucky forward in this new economy,” Pence told the crowds in Louisville and Elizabethtown. “In recent decades, Kentucky has operated under the weight of a stagnated economy and antiquated tax code. Governor Fletcher’s plan offers a chance to lift the burden by energizing Kentucky’s economy through income tax reduction for working families and the modernization of the current tax system.”
“The JOBS for Kentucky plan will ensure that revenues will grow as Kentucky grows, helping to address the needs of vital programs such as education and Medicaid,” said Governor Fletcher.
Among other things, the JOBS for Kentucky plan would:
• Create 7,000 new jobs in the first full year of implementation;
• Generate business expansion and relocation to Kentucky by removing barriers to making investments and creating jobs;
• Reduce income tax burden on 98 percent of all working Kentuckians and take 300,000 low income Kentuckians off the tax rolls;
• Shift some increased cost of the Medicaid program to people who chose to smoke;
• Provide much-needed stability to Kentucky’s tax structure; and
• Raise revenue in the long run without raising taxes.
A total of 13 forums will be held across the state this week on the campuses of the University of Louisville, Northern Kentucky, Eastern Kentucky, Western Kentucky, Morehead and Campbellsville universities, Maysville Community and Technical College, Ashland Community College, Henderson Community College and in the cities of Murray, Elizabethtown, Winchester and Somerset.
“JOBS for Kentucky opens the door for the creation of thousands of new jobs,” Governor Fletcher said. “It also will help build careers and provide new opportunities to people across our great Commonwealth.”
# # #