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Andy Beshear on Social Security

 

 


No cuts to government pensions; find other revenue

Q: What sacrifices should public employees and taxpayers expect to make to fix the state retirement system?

A: Our educators, first responders, city, state and county employees already sacrifice so much. They work their whole lives to make Kentucky a better place to live. The last thing they should sacrifice is the pension they've earned. The best way to fix our state retirement system is to find new sources of revenue like closing tax loopholes for luxury items like private jets.

Source: Louisville Courier-Journal on 2019 Kentucky governor's race , May 10, 2019

State gaming will cover $43B unfunded state pension plan

Attorney General Andy Beshear sent a letter to state lawmakers asking them to legalize casinos and sports betting as the way raise money to save Kentucky's ailing public pension system.

Republican Gov. Matt Bevin has opposed legalizing casinos. Bevin called the proposal "a tired tenet" of the Democratic Party.

Beshear's letter makes familiar arguments for expanding gambling--primarily that Kentuckians are already wagering big money at casinos in five neighboring states, including Indiana. It does not estimate how much money legal casinos would generate for Kentucky, but he wrote, "Commercial gaming in Indiana last year alone netted over $600 million in direct tax revenue." He said legalized sports betting could raise "an additional $30 million" in annual revenue.

Kentucky's eight pension plans recently reported having $42.7 billion in unfunded liabilities, including both pension and health plans.

Source: Louisville Courier-Journal on 2019 Kentucky governor race , Nov 26, 2018

Other governors on Social Security: Andy Beshear on other issues:
KY Gubernatorial:
Adam Edelen
Alison Grimes
Ben Chandler
Elaine Chao
Jim Gray
Matt Bevin
Robert Goforth
Rocky Adkins
KY Senatorial:
C. Wesley Morgan
Jim Gray
Rand Paul
Steven Cox

Gubernatorial Debates 2019:
KY:
Bevin(R)
vs.Goforth(R,lost primary)
vs.Adkins(D,lost primary)
vs.Beshear(D)
vs.Edelen(D,lost primary)
LA:
Edwards(D)
vs.Abraham(R)
vs.Kennedy(R,declined)
MS:
Bryant(R,retiring)
vs.Foster(R)
vs.Hood(D)
vs.Reeves(R)
vs.Waller(R)

Gubernatorial Debates 2020:
DE: vs.Carney(incumbent)
IN: vs.Holcomb(incumbent) vs.Melton(D)
MO: Parson(incumbent) - no challengers yet
MT: Bullock(retiring) vs.Fox(R) vs.Perry(R) vs.Gianforte(R) vs.Stapleton(R) vs.Olszewski(R) vs.Neill(D) vs.Schreiner(D)
NC: Cooper(incumbent) vs.Forest(R)
ND: Burgum(incumbent) - no challengers yet
NH: Sununu(incumbent) - no challengers yet
PR: Rossello(D)
UT: Herbert(retiring) vs.Cox(R)
VT: Scott(incumbent) - no challengers yet
WA: Inslee(retiring) - no challengers yet
WV: Justice(incumbent) vs.Folk(R) vs.Thrasher(R) vs.Vanover(D) vs.Smith(D)
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Page last updated: Jun 20, 2019