{Frankfort, Kentucky}...Speaking Wednesday to the Governor's Blue Ribbon Commission on Tax Reform, longtime University of Kentucky economics professor William Hoyt offered a variety of options to improve Kentucky's tax system, including imposing a tax on food and a variety of services ranging from haircuts to automotive repairs to funerals. Hoyt emphasized that the ideas were only options, not recommendations. Commission members will make recommendations to Governor Steve Beshear and lawmakers by November 15th. Lawmakers in Kentucky have been unwilling to tax groceries, and, with few exceptions, they have spared most services. Hoyt and two other economists, Michael Childress of UK, and William Fox of the University of Tennessee, prepared the options for the commission.Wednesday, September 19, 2012
Options For Tax System
{Frankfort, Kentucky}...Speaking Wednesday to the Governor's Blue Ribbon Commission on Tax Reform, longtime University of Kentucky economics professor William Hoyt offered a variety of options to improve Kentucky's tax system, including imposing a tax on food and a variety of services ranging from haircuts to automotive repairs to funerals. Hoyt emphasized that the ideas were only options, not recommendations. Commission members will make recommendations to Governor Steve Beshear and lawmakers by November 15th. Lawmakers in Kentucky have been unwilling to tax groceries, and, with few exceptions, they have spared most services. Hoyt and two other economists, Michael Childress of UK, and William Fox of the University of Tennessee, prepared the options for the commission.