The combined impact of the tax increases and tax cuts in Governor Beshear’s reform proposal would not help improve the regressive nature of Kentucky’s tax system, according to analysis of the plan released today by the Institute on Taxation and Economic Policy (ITEP). The plan would basically maintain the existing distribution of taxes for individuals, in which low- and middle-income Kentuckians pay a higher share of their income in taxes than the wealthy.
ITEP Analysis of Kentucky Competes
