Wednesday, April 09, 2008

Why so squeamish, Governor Steve Beshear?

Kentucky Governor Steve Beshear officially made his "no tax increase" campaign pledge a lie today when he signed into law HB 258, a corporate tax increase.

One funny thing about this, though: Beshear has already gone on the record championing tax increases and has even talked about calling a tax increase special session of the General Assembly. So why would he gloss over a tax increase victory today with this odd press release?



You will notice the headline touts four bills, but the press release only specifically names two. The two that rated only an oblique reference were HB 233 and HB 258.

House Bill 258 will, according to the fiscal note attached to the bill, raise $500,000 in new corporate taxes before June 30 and $4.7 million over the next biennium.