Corporate Taxes Important to Meeting Kentucky’s Needs
June 20, 2011
Taxes on corporations help pay for needed investments in education, infrastructure and other areas. Yet some legislative leaders have floated the idea of eliminating the corporate income tax. Rather than spurring economic growth, cutting corporate taxes harms states’ ability to make investments critical to creating jobs. Instead, the state should address loopholes and more closely scrutinize tax breaks that limit corporate tax revenues.