Thursday, May 19, 2011

Tax "incentive" questions, transparency

Governor Steve Beshear's office posted a press release today outlining some tax break incentives granted to a rail company for expanding their operations in Kentucky. The press release states that the expansion will create 75 new jobs.

New jobs are great, especially given Kentucky's unemployment rate.

This does bring up a couple of questions though:

  1. What businesses in Kentucky are not receiving these tax incentives for expansion?
  2. In an effort to make the Commonwealth as business friendly as possible, why don't we just extend these "tax incentives" to every business operating in the the state?
This is a great example of how transparency can be improved in the state. Citizens deserve to know why some businesses receive tax incentives while others do not.

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