FRANKFORT, Ky. (AP) — Republican gubernatorial candidate James Comer is proposing an earned-income tax credit to reduce the tax burden on many Kentucky families.
Comer said Monday his proposal for a 10 percent earned-income tax credit would apply to families with household incomes up to $100,000.
He said it would allow families to keep more of their income. Comer said his proposal would cost the state about $86 million a year. He said he would pay for it in part by eliminating special-interest tax credits.
Comer, the state’s agriculture commissioner, also proposed a tax credit for first-time small business owners.
Comer is in a four-way primary for the GOP nomination for governor. His opponents are former Louisville metro councilman Hal Heiner, Louisville businessman Matt Bevin and former state Supreme Court justice Will T. Scott.
©2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.