LOUISVILLE, Ky. (WHAS11)-- A Kentucky lawmaker has introduced a bill that would potentially raise taxes for residents that earn more than $150,000 annually.
Rep. Jim Gray (D), said he has been trying to change the tax system in the Commonwealth since he took office in 1991.
Wayne said the money is "not there" to fund the upcoming budget and taxes would provide the necessary funds.
His bill would include increased taxes for high earners, limiting itemized deductions, taxes on retirement income, taxing services that Wayne said are primarily used by the wealthy, such as limousine rides and the bill would also apply more taxes to hotel rates.
WHAS11 political editor, Joe Arnold, has the complete story, click the player for the coverage.