The Tax Foundation released its 2008 State Business Tax Climate Index yesterday, which shows Kentucky ranked #36 in the nation and our corporate tax index ranked #39.
Unfortunately, in 2004 Kentucky was ranked #30 overall with a corporate tax index of #22.
Readers may wonder why I would point something like this out when I am a Republican. My only answer to that is I support Republicans generally, but conservatives specifically. Not raising corporate taxes would be a great way to keep our state competitive for economic development.
