Kentucky's New 2008 Budget

Can you afford More Taxes?

New 2008 Budget

• Highest spending and taxes in the history of Kentucky.
• Requires $9,500,000,000.00 TAX dollars annually.
• Up by 34% from the 2002 budget (has your income increased by 34%).
• Includes a raise for Executive branch.

Higher Taxes

• The Governor announced that he will raise taxes if the economy gets worse to fund the new budget.
• Fuel tax has been increased, we are currently paying between .65 to .80 per gallon on gas and diesel.

Cuts to Education

• The new budget cuts education, (education is our Children's future)
• Local School Boards will probably raise local school TAXES to fund the school budget.

Protection For The Unborn Children

• Senate Bill 40 (requiring ultra sound and consultation) was held in the house this year.

Higher Business TAXES drive jobs out of Kentucky

• 64,000 jobs have been lost since June of 2007. 40,000 since the new Governor was elected.
• Business taxes, have gone from 24th in the nation to 11th highest business taxes in just a few years.
• Kentucky's unemployment tax and work comp rates are 3rd and 4th highest in the nation.

My Strengths and Experience

• Strong Leadership and Communication Skills.
• Very Analytical mind.
• 30 years in Business with 17 in Management and Ownership.
• 14 years experience turning around 3 bankrupt companies.
• Proven track record of reducing cost, finding and eliminating wasteful spending.
• 4 years as a volunteer EMT and Firefighter.
• 15 years as a Boy Scout Leader.
• 4 years Republican Executive Committee.

As your Representative I will use my Experience and Talents to

• Cut Wasteful State spending.
• Fight for Lower Taxes.
• Create a Better Business Climate with more Jobs.
• Stronger Education Program and Budget.
• Stand up for the rights of Unborn Children!

This can all be done without Casinos!

To get there I need your VOTE in the General Election on November 4th .

Tim Thompson

Source (Ky New Era, www.workforcekentucky.ky.gov, Department of Commerce www.doc.gov, Census Bureau www.census.gov, www.kentuckygasprices.com)