Saturday, March 28, 2009

Tax Credit Talk Stalls Jobs Bill

INCENTIVE or ENTITLEMENT?

WATCH THE KY3 NEWS @ 10 REPORT HERE


LOCAL DEVELOPER SAYS DOWNTOWN RENEWAL WOULD HAVE BEEN IMPOSSIBLE WITH HISTORIC TAX CREDITS
"They shouldn't mess with it," says Springfield developer Dan Scott

SEN. LAGER PROPOSES REFORMS
"If the business plan is so poor that the private sector won't do it, I don't believe the taxpayer should have to fund it," says Sen. Brad Lager

The entire tax credit debate is tied to Gov. Jay Nixon's Quality Jobs expansion. The bill has been passed by the House, but the Senate is still debating it. The tax credit issue is why a group of Republican Senators are holding it up.

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