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Comer Proposes Earned-income Tax Credit

Comer Proposes Earned-income Tax Credit
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By The Associated Press
Apr. 27, 2015 | FRANKFORT, KY
By The Associated Press Apr. 27, 2015 | 07:49 PM | FRANKFORT, KY
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.

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