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Williams: No Income Tax in Kentucky
Kentucky would have no state personal and corporate income taxes under an economic plan released Wednesday by state Senate President and Republican gubernatorial candidate David Williams. The Burkesville Republican faces Democratic incumbent Gov. Steve Beshear and Independent candidate Gatewood Galbraith in the November 2011 election. Williams' plan would eliminate state income taxes and suspend many other taxes on businesses to spur job growth. Some sort of sales tax or other tax on consumption could replace the revenue, Williams said.