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FRANKFORT, KY – Americans for Prosperity-Kentucky (AFP-KY) ) today cautioned Governor Beshear and the General Assembly against enacting fiscally irresponsible reforms amidst recent revenue estimates showing a plunge in April’s individual and corporate income tax revenues and a general fund shortfall of $318.7 to $495.7 million. COVID-19 and the government’s response to it have resulted in widespread economic hardship for many. Lawmakers should avoid enacting policies that will end up hurting those they intend to help.
AFP-KY State Director Michael Conway issued the following statement:
“Unsustainable spending is a threat to the future prosperity of Kentucky and too often leads to oppressively high taxes – the last thing Kentuckians need right now. As lawmakers navigate the challenging road ahead we urge them to reject harmful policies that could add additional burdens to folks across the Commonwealth. Instead, lawmakers should prioritize reforms that focus spending to areas of utmost importance, eliminate wasteful programs, or responsibly empower businesses to open. Like families and businesses across Kentucky, our government will have to do more with less, make tough decisions, and live within its means.”
AFP believes the path to economic recovery — across all of the United States and at the federal level– is to enact reforms that lay the foundation for an economic environment that empowers everyone to improve their lives and the lives of others by:
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