Raising Taxes on Historical Racing Machines Would Be Devastating for Kentucky's Horse Industry,
The Kentucky General Assembly once again faces a challenging budget session in which projected revenue cannot meet the rising costs of Medicaid, pension obligations, and jail crowding. As we saw during the 2018 legislative session, where the budget faced similar constraints, self-interested observers have begun digging for potential revenue options, usually in the hopes of keeping some other government program or loophole intact. Such attempts virtually never yield good tax p