Saturday, June 24, 2006

Repeal AMC Now!

Joe Fischer(R-Ft. Thomas) did the right thing this week when he filed an amendment in the House to repeal the Alternative Minimum Calculation and the limited liability entity tax.

The debate shouldn't be about how much we will tax unprofitable Kentucky corporations, but whether we should tax their business activity at all.

As Rep. Bob Damron(D-Nicholasville) said back in March, there is something un-American about taxing companies that aren't making a profit.