The tax code is the number one way that a state can dictate the direction of its economy. While states around us have made decisions that promoted growth, Kentucky’s tax structure has remained an economic burden. The result for our Commonwealth is decades of anemic growth, restricting our production, limiting employment opportunities, and reducing household incomes. A pro-growth tax code will not fix these problems overnight, but it is a critical component on our pathway to a more prosperous state. We at Pegasus Institute have developed two separate strategies. The first is built on three simple flat rates, which we call the 3-3-6 plan. This puts a flat rate on the income tax, corporate tax,
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